Sabana Reit better off if major unitholders not represented on board of new internal manager
October 13, 2024 / /
Would-be directors should commit to purchasing S$1 million worth of units in the market to align interest with unitholders
UNITHOLDERS of Sabana Industrial Real Estate Investment Trust (Sabana Reit) are to vote at yet another extraordinary general meeting (EGM) on Friday (Oct 18).
This time, the matter at hand is the appointment of directors to the board of the internalised manager of the Reit – subject to the requisite approvals from the Monetary Authority of Singapore being obtained.
The requisitionists of the EGM, led by Quarz Capital, have proposed six names.
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