Sabana Shari’ah Compliant Industrial REIT (SG:M1GU) has released an update.
The extraordinary general meeting of Sabana Industrial Real Estate Investment Trust led to the approval of key resolutions, including the removal of its current manager and the internalization of management functions. Following these decisions, amendments to the Trust Deed are being proposed and are now subject to a High Court application to convene another meeting for unitholder consideration. Discussions with regulatory bodies are ongoing to determine if the Sponsor and related parties should vote on these amendments, which affect all unitholders and are in line with the previously approved internalization process.
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