Sabana Unitholders Turn Down Merger Proposal

News about Sabana REIT

The hotly debated merger between Sabana REIT and ESR REIT will not go forward:

On Dec 4, Sabana Shariah Compliant Industrial REIT announced that less than 75% of votes were cast in favour of the Sabana Trust Deed Amendments Resolution, hence the resolution to amend the trust deed was not passed at its EGM.

Sabana REIT
Price0.355 SGD
NAV0.520 SGD
Yield (4 quarters)7.77%