Sabana REIT dismisses relevance of unitholder’s claim, will convene EGM ‘as soon as practicable’

SINGAPORE (Feb 20): The manager of Sabana Shari’ah Compliant Industrial REIT (Sabana REIT) is disputing the claims of Jerry Low Chin Yee, a unitholder who, among other accusations, is challenging the objectivity and independence of valuation reports conducted on behalf of the manager.   

To recap, Low on Tuesday was reported to lodge a complaint against the property valuation houses of Colliers, Savills and Knight Frank on valuation reports done to support the REIT’s acquisition of 47 Changi South Ave 2 from its sponsor, Vibrant Group.

(See also: Sabana REIT faces off with activist investors)

---

Related Stories

• Internalisation comes at a cost and Sabana REIT is fully valued, DBS says
• As Sabana REIT's 2HFY2023 DPU tumbles, Trustee warns of more costs
• Sabana REIT’s trustee announces application for Order 32 to clarify issues around trust deed amendment

---