Sabana Reit better off if major unitholders not represented on board of new internal manager

October 13, 2024 / Brand Post /
Sabana Reit better off if major unitholders not represented on board of new internal manager


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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I am an editor for IBW, focusing on business and entrepreneurship. I love uncovering emerging trends and crafting stories that inspire and inform readers about innovative ventures and industry insights.

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