See also: Sabana REIT issues clarifications on proposed merger
The Monetary Authority of Singapore (MAS) says its regulatory framework does not prevent a shareholder group from owning substantial stakes in two REIT managers managing REITs invested in the same property class.
MAS issued the statement on August 28 in response to media queries in relation to the proposed merger between Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana REIT) and ESR-REIT.
