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Sabana REIT's independent non-executive director resigns amid failed merger

Felicia Tan
Felicia Tan12/8/2020 07:46 AM GMT+08  • 1 min read
Sabana REIT's independent non-executive director resigns amid failed merger
Units in Sabana REIT closed 1 cent lower or 2.8% down at 34.5 cents on Dec 7.
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Ng Shin Ein, an independent non-executive director at Sabana Shariah Compliant Industrial REIT (Sabana REIT) has resigned on the evening of Dec 7 amid the failed merger between the REIT and ESR-REIT.


See: No merger for Sabana REIT with ESR-REIT

In a filing via SGX, CEO of Sabana’s manager Han Yong Lee Donald said that Ng was leaving as she believes that “scaling up is the right way forward for Sabana REIT, given the limitations of its portfolio and the uncertainties of the external environment”.

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