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SABANA-ESR MERGER

Sabana's activist investors to fast-track plan to internalise management after merger with ESR scuppered

Sabana Reit's manager says its priority is to enhance the Reit's portfolio returns and complete an asset-enhancement project

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Present at Sabana Reit's virtual EGM were (from left) independent director Ng Shin Ein; chairman Tan Cheong Hin; CEO Donald Han; and independent director Wong Heng Tew.

Singapore

ACTIVIST unitholders got to work fast after the proposed merger between ESR-Reit and Sabana Reit fell through on Friday.

The question "What next?" was top on their minds to ensure a clear path to recovery for Sabana Reit, and one answer was to pursue an internalised Reit...

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