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Sabana Reit's talks with suitor fall through

It is proposing to focus on selective asset sales and strengthening the current portfolio after talks with Warburg Pincus-backed ESR-Reit reached dead-end

"While we remain open to other proposals, we are also considering decisions that can be taken internally to enhance the performance of the company. We are committed to recalibrating our strategy, and remain determined to provide long-term value for all stakeholders." - Yong Kok Hoon, chairman of Sabana Reit manager


A WHOLESALE takeover of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Reit) now seems more distant after the trust's manager said over the weekend that talks with Warburg Pincus-backed ESR-Reit has fallen through.

Sabana confirmed in August that it...

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