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Sabana Shari’ah Compliant Industrial REIT ( (SG:M1GU) ) has provided an update.
Sabana Industrial REIT has announced a material uncertainty concerning its ability to continue as a going concern due to financial implications arising from the internalisation exercise. The removal of the current manager could trigger loan prepayment obligations if agreements with lenders are not reached, posing risks to the REIT’s financial stability.
More about Sabana Shari’ah Compliant Industrial REIT
Sabana Shari’ah Compliant Industrial REIT is a real estate investment trust based in Singapore, focusing on industrial properties. It is managed by Sabana Real Estate Investment Management Pte. Ltd.
YTD Price Performance: 19.11%
Average Trading Volume: 250
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $306.1M
For a thorough assessment of M1GU stock, go to TipRanks’ Stock Analysis page.