Sabana, ESR directors recommend voting for proposed merger of the 2 Reits
Reit managers announce that their respective independent financial advisers have advised them to recommend unitholders to vote in favour of the merger
Singapore
THE independent directors of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) and recommending directors of ESR-Reit are recommending unitholders to vote for the proposed merger of the two, at the current terms of 0.94 ESR-Reit unit for one Sabana Reit unit.
Unitholders of Sabana Reit must pre-register for the scheme meeting held on Dec 4 and vote on the scheme resolution by 2.30pm on Dec 1, said the manager in a circular issued to unitholders on Thursday.
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