- At Sabana Industrial REIT (SGX:M1GU)’s EGM on 7 August 2023, unitholders voted to pass both the resolutions tabled via a simple majority (more than 50%). The resolutions set forth were:
- The removal of Sabana Real Estate Investment Management Pte Ltd (SREIM) as the manager of the REIT and
- - Read this at SGinvestors.io -
- As a simple majority was obtained for both resolutions, SREIM will be removed as the manager of the Sabana REIT, and the trustee will now work on the internalisation of the REIT management function.
What are the implications?
- SREIM will continue to serve as the interim manager of the Sabana REIT until the trustee has given a written notice to SREIM to remove it as the manager. We understand that this may be a lengthy process that may take up to 12 months or more.
- - Read this at SGinvestors.io -
Our thoughts on Sabana REIT
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Dale LAI DBS Group Research | Derek TAN DBS Research | https://www.dbs.com/insightsdirect/ 2023-08-08
Read also DBS's most recent report:
2024-01-24 Sabana Industrial REIT - Internalisation Comes With A Cost.
Price targets by other brokers at Sabana REIT Target Prices.
Listing of research reports at Sabana REIT Analyst Reports.
Relevant links:
Sabana REIT Share Price History,
Sabana REIT Announcements,
Sabana REIT Dividends & Corporate Actions,
Sabana REIT News Articles
