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ESR Entities file appeal against Court ruling, says Sabana Trustee

The Edge Singapore
·1-min read

Sabana REIT's Trustee says ESR has filed an appeal against Court's decision to prohibit it from voting on trust deed change

HSBC Institutional Trust, Sabana Industrial REIT's Trustee says in an announcement that the ESR Entities have filed a notice of appeal against the Court's decision in the Order 32 Ruling that the ESR Entities "are prohibited from voting on proposed amendments to the Trust Deed which are required to implement the resolutions passed on 7 August 2023 for the internalisation of Sabana REIT's management" (the ESR Appeal).

The Trustee is considering the ESR Appeal with its advisors in light of ongoing developments in respect of the Internalisation and will continue to provide further updates and engage with Unitholders in respect of material developments.

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