Sabana Shari’ah Compliant Industrial REIT (SG:M1GU) has released an update.
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Sabana Industrial REIT, managed by Sabana Real Estate Investment Management Pte. Ltd., is facing a significant move by its unitholders, who are pushing for an extraordinary general meeting to consider the appointment of new directors to the REIT’s internalized manager. The trustee, however, has advised that these appointments require approval from the Monetary Authority of Singapore to ensure legal compliance under the Securities and Futures Act 2021. This development is a pivotal moment for Sabana Industrial REIT, as it navigates regulatory requirements and unitholder demands.
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