Sabana shareholders urges for MAS' support against Sabana-ESR merger

Uploaded By:  Nathanielle Punay Submitted By:  Nathanielle Punay Case Study:  No Shareholders argued that the two REITs’ investment mandate will overlap. Quarz Capital Management, Black Crane Capital and over 50 of Sabana REIT’s unitholders have issued an open letter to the Monetary Authority of Singapore (MAS) to stop the merger of Sabana REIT with ESR REIT. In the letter, the concerned parties asked the regulator to provide “clarity and support on and to stop the potential severe conflict of interest issues” concerning Sabana REIT. read more