SINGAPORE (Feb 8): Some 66 unitholders representing 0.6% of the total issued units of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (Sabana REIT) have sent a requisition letter requesting the manager to convene an extraordinary general meeting.

Sabana Real Estate Investment Management, the manager of Sabana REIT, revealed late on Feb 7 that the unitholders are seeking to put forth four resolutions for individual voting by members at the EGM.

The unitholders want to remove the manager of the REIT, and incorporate a new wholly owned subsidiary to take on an internalisation of the manager function.

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