Quarz, Black Crane to vote against Sabana-ESR merger
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Singapore
FUND managers Quarz Capital Management and Black Crane Capital said in an open letter on Friday that they intend to vote against the proposed merger of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) and ESR-Reit.
The funds and entities that Quarz and Black Crane act for and advise collectively own more than 10 per cent of Sabana Reit.
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