Sabana Reit appoints COO as acting CEO
Singapore
SABANA Shari'ah Compliant Industrial Real Estate Investment Trust's (Sabana Reit) manager has appointed its chief operating officer (COO) Aw Wei Been to be its acting CEO from Jan 1, 2018, while it continues its search for a new chief executive.
Its current CEO Kevin Xayaraj - who has been with the manager Sabana Real Estate Investment Management since 2010 - tendered his resignation in May, after a unitholders' revolt over the Reit's proposed acquisition of a Changi South property.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
iFast prices S$100 million notes due 2029 at 4.328%
Choose bonds over stocks as central banks cut rates, says UBS Wealth Management
Google’s latest data centre raises its investment in Singapore to S$6.7 billion
China’s Great Wall Motor closes European HQ and lays off workers
NYSE resolves glitch that led to volatility pause for dozens of stocks
US: Wall Street opens higher on chip and megacaps boost