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Stocks to watch: Sabana Reit, First Ship Lease Trust, Noble Group
SABANA Reit: The trust's unitholders on Friday overwhelmingly voted against removing its underperforming Reit manager and winding up the Reit vehicle.
First Ship Lease Trust: The shipping trust has got a lifeline from Navios Maritime Holdings, involving a mix of equity and debt financing. This includes a US$20 million second priority mortgage convertible loan.
Noble Group: Many shareholders of the commodity trader walked out of its special general meeting on Friday in protest against its share consolidation move, after their request to have the resolution postponed was rejected. Still, the resolution was passed, with 99.73 per cent of votes cast in favour of it.