Sabana REIT dismisses relevance of unitholder’s claim, will convene EGM ‘as soon as practicable’

SINGAPORE (Feb 20): The manager of Sabana Shari’ah Compliant Industrial REIT (Sabana REIT) is disputing the claims of Jerry Low Chin Yee, a unitholder who, among other accusations, is challenging the objectivity and independence of valuation reports conducted on behalf of the manager.   

To recap, Low on Tuesday was reported to lodge a complaint against the property valuation houses of Colliers, Savills and Knight Frank on valuation reports done to support the REIT’s acquisition of 47 Changi South Ave 2 from its sponsor, Vibrant Group.

(See also: Sabana REIT faces off with activist investors)

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