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
Johor property old hand KSL readies family handover amid market boom
Wilmar, Musim Mas among palm-oil firms in Indonesia under probe for suspected export under-invoicing
Sats may reward shareholders with special dividend if there’s spare cash
Property group Lee Kim Tah reaches settlement with ex-director in ongoing misconduct probe
