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Sabana unitholders vote to keep underperforming manager

But resolution to authorise Reit manager to issue shares is thrown out, leaving Reit in a fix on how to raise capital

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Sabana Reit unitholders on Friday voted overwhelmingly against removing its underperforming Reit manager and winding up the Reit vehicle.

Singapore

SABANA Reit unitholders on Friday voted overwhelmingly against removing its underperforming Reit manager and winding up the Reit vehicle.

At the extraordinary general meeting (EGM), the questions they raised over a nearly-two-hour period ranged from polite queries to

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