ESR and Sabana respond to questions from Sias over proposed merger
Executives reassure that ring fencing is in place to ensure perceived conflicts of interest are managed
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THE Securities Investors Association (Singapore), or Sias, said in a statement on Thursday that it had conducted a dialogue with the managers of Sabana Shari'ah Compliant Real Estate Investment Trust (Sabana Reit) and ESR-Reit, to address questions from Sias over their proposed merger.
The dialogue was attended by Sias' chief executive David Gerald; chief executive and executive director of ESR-Reit's manager Adrian Chui; chief executive of Sabana Reit's manager Donald Han; and Justin Tang, head of Asian research at United First Partners in Singapore.
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