Quarz, Black Crane plan EGM requisition to approve internalisation of Sabana Reit manager

Singapore

QUARZ Capital and Black Crane Capital, in a joint statement released on Wednesday and seen by The Business Times, said they intend to requisition an extraordinary general meeting (EGM) for the internalisation of the manager of Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit).

The fund managers also said this should be done after the proposed merger of Sabana Reit with ESR-Reit falls through, reiterating their call for Sabana unitholders to vote against it.