Sabana REIT unitholders vote against general mandate as attempt to vote out manager fails

SINGAPORE (April 28): Unitholders of Sabana REIT this morning voted against removing its underperforming REIT manager at its Extraordinary General Meeting but also voted against a general mandate at its Annual General Meeting.

At the EGM which was called by 66 unitholders holding 0.6% of the units, 69.5% of unitholders voted against Resolution 1 which called for the removal of Sabana REIT Management (SREIM).

This then led to Resolution 4 which called for the winding up of the REIT in the event Resolution 1 is not passed.

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