A substantial shareholder of Sabana REIT, Swiss group Volare, is trying to increase its stake in the trust and making an offer to acquire 10% of the capital at S$0.465:

The offer price represents a premium of 9.4 per cent over the volume-weighted average price on Jan 20; it is also respectively 8.6 per cent, 9.7 per cent and 6.9 per cent over the volume-weighted average price during the one, two and six-month periods preceding Jan 20.