On Aug 6, ESR-REIT’s manager announced that it does not intend to increase the scheme consideration for Sabana Shariah Compliant Industrial REIT, announced on July 16. Sabana REIT’s unitholders are being offered 0.94x the price of ESR-REIT. Last month, this valued Sabana REIT at 37.7 cents. ESR-REIT closed at 39 cents on Aug 6, valuing Sabana REIT at 36.6 cents.

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