Sabana REIT trustee asks to delay EGM to vote on internal managers

It urged the requisitionists to hold the EGM once applications are in advanced stages.

Sabana Industrial Real Estate Investment Trust’s (REIT) trustee has asked to delay its extraordinary general meeting (EGM) to vote on the proposed internal managing directors.

HSBC Institutional Trust Services highlighted that the resolution directs the trustee to “procure the necessary certifications and declarations” for submission to the Monetary Authority of Singapore (MAS) by the internal manager “or otherwise” to facilitate the appointment of a director candidate.

The trustee said it is unclear what specific “certifications and declarations” it is supposed to procure and from whom, also questioning whether the directions are actionable.

Thus, the trustee has asked the requisitionists to withdraw the resolutions and convene the EGM when applications are in advanced stages without a need for any further requisition.

It has also asked the requisitionists to continue working with the trustee in finalising all documents needed from the proposed candidates to submit to MAS.

Follow the link s for more news on

HSBC

Sabana Industrial REIT

Monetary Authority of Singapore

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia