On Dec 4, Sabana Shariah Compliant Industrial REIT announced that less than 75% of votes were cast in favour of the Sabana Trust Deed Amendments Resolution, hence the resolution to amend the trust deed was not passed at its EGM. According to the announcement 66.67% of units voted in favour of amending the trust deed, and 33.33% voted against. The Scheme Resolution for the merger is contingent upon the approval of the Sabana Trust Deed Amendments Resolution at the EGM, and hence Sabana REIT’s managed did not convene the Scheme Meeting.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe