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Sabana Reit manager responds to questions on valuation of acquisition

Book value is irrelevant and not the appropriate basis for comparison, it tells SGX

Singapore

IN another turn of the drama unfolding in Singapore's real estate investment trust (Reit) space, the manager for Sabana Shari'ah Compliant Industrial Reit (Sabana Reit) said the book value of a property the Reit is acquiring from its sponsor, Vibrant Group, is not relevant for

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