Sponsor says it has strict rules in managing conflicts of interest at Sabana Reit, ESR Reit

Singapore

FOLLOWING an activist fund's call for the merger of Sabana Reit and ESR Reit, sponsor ESR Cayman on Friday said it is aware of the possible conflicts of interest that may arise between the two Reits and has put in place "strict internal controls" to regulate conflicts of interest within its different business lines.

It added that it had gone through a thorough process of setting up structures in order to prevent the sharing of information between the managers of both Reits.