Activist investor Quarz Capital, Black Crane, and over 50 unitholders of Sabana Shariah Compliant Industrial REIT (Sabana REIT) have, on August 17, written to the Monetary Authority of Singapore (MAS) and the Singapore Exchange Regulation (SGX RegCo) to seek MAS’s “guidance, clarity and support” on the “potential severe conflict of interest issues” concerning Sabana REIT.

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