Sias to Sabana Reit: Address unitholders' concerns

Singapore

AN investor watchdog group has asked Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) to address unitholders' concerns, in a tussle that has already drawn at least one analyst's view that the counter may be re-rated soon.

In what may be the first move of its kind, unhappy unitholders want to call for a meeting to remove the current manager of Sabana Reit. In the worst-case scenario, they are willing to liquidate the trust.