Activist investor Quarz Capital Management has emerged as a new substantial shareholder at Sabana Shari’ah Compliant Industrial REIT (Sabana REIT).

According to a July 30 filing, Quarz bought 5,700 shares at a total cost of $2,166 via market transaction.

This brings Quarz’s total stake into Sabana REIT to 52.7 million units, or 5%. Any shareholder who has crossed the 5% stake threshold has to disclose its interest on SGX.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook