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Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (M1GU.SI)

SES - SES Delayed Price. Currency in SGD
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0.3950+0.0200 (+5.33%)
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  • Reuters SG

    Corporate Singapore faces crunch time in rare clash with activist funds

    A year-long spat between activist funds and a small real estate investment trust (REIT) over a merger is nearing a climax in Singapore, a battle that could embolden more investor dissent in a sleepy market dominated by retail shareholders. The activists say a proposed deal between Sabana REIT and ESR-REIT, whose managers are both owned by a unit of Asian logistics giant ESR Cayman Ltd, undervalues Sabana REIT and are confident of blocking it. Despite being a global financial centre, shareholder activism in Singapore is not common due to its conservative market and tightly controlled companies.

  • Warburg Pincus-backed Singapore REITs ESR and Sabana propose to merge
    Reuters SG

    Warburg Pincus-backed Singapore REITs ESR and Sabana propose to merge

    Singapore dollars) (Reporting by Aradhana Aravindan in Singapore; Editing by Stephen Coates)