ESR Cayman raises stake in Sabana REIT through DRP

The Edge Singapore
The Edge Singapore 10/12/2021 09:04 PM GMT+08  • 1 min read
ESR Cayman raises stake in Sabana REIT through DRP
Sabana REIT's major unitholder, ESR Cayman, raised its stake by applying the distribution reinvestment plan to its DPU
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ESR Cayman’s stake in Sabana Shariah Compliant Industrial REIT rose from 19.73% to 20.03% following its adoption of of Sabana REIT’s distribution reinvestment plan for its DPU, taking units instead of cash. On Oct 6, Sabana REIT announced in a filing that Quarz Capital Asia bought 140,000 units for $59,500 taking its deemed stake to 11.01%.

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