Sabana REIT reviews unitholders’ updated proppsals

The unitholders are pushing for an EGM to consider certain resolutions.

Sabana Real Estate Investment Management Pte. Ltd., the manager of Sabana Industrial REIT, is reviewing proposed amendments submitted by five unitholders.

The amendments, detailed in a letter dated 18 September, were addressed to HSBC Institutional Trust Services (Singapore) Limited, the trustee of Sabana Industrial REIT.

The unitholders, collectively holding more than 10% of the REIT, have been pushing for an extraordinary general meeting (EGM) to consider specific resolutions. These resolutions, initially submitted in August, have now been updated by the group.

The manager is consulting with the trustee and seeking legal advice on how to proceed.

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