Sabana Reit rejects EGM requisition to remove director
Quarz Capital, Black Crane Capital object to Chan Wai Kheong's appointment as independent non-executive director
Add BT as a preferred source
Singapore
HEDGE fund founder Chan Wai Kheong's appointment by the manager of Sabana Shari'ah Compliant Reit (Sabana Reit) to be its independent non-executive director has met with objections from Quarz Capital and Black Crane Capital - who have proposed that their own chief investment officers (CIOs) be appointed as non-independent, non-executive directors, instead.
The two firms sent a requisition letter to Sabana Reit's manager last Friday, asking to convene an extraordinary general meeting (EGM) for the Reit's independent unitholders to vote on Mr Chan's appointment, as well as that of their CIOs.
TRENDING NOW
Lamborghini-driving boss of Eminent Frog Porridge charged with S$3.8 million tax evasion, money laundering
Not in education, employment or training: Why more Hong Kong youths are opting out of work
Vietnam workers keenest on AI in South-east Asia; Singapore employees among most sceptical: survey
Grab completes US$425 million acquisition of US-based Stash Financial
