Sabana Shari’ah Compliant Industrial REIT (SG:M1GU) has released an update.
Sabana Industrial Real Estate Investment Trust is navigating a complex situation involving a request by a group of unitholders to convene an extraordinary general meeting (EGM). Despite the trustees’ intention to hold their own EGM to discuss internalization issues, the unitholders’ lack of response to the trustees’ letter urging them to withdraw their request has led to preparations for the originally requisitioned EGM. This update highlights the ongoing discussions and the potential for cost savings should the unitholders align with the trustee’s plans for a single, inclusive EGM.
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