Sabana REIT schedules extraordinary general meeting for requisition notice

Details of the meeting have yet to be finalised.

Sbana Industrial Real Estate Investment Trust (REIT) will be holding an extraordinary general meeting (EGM) in line with the Requisition notice from several unitholders of the REIT.

In a disclosure, the Sabana Industrial REIT’s manager said that it has verified the unitholding of requisitionists Sabana Growth Internalization Committee. 

Sbana Griwth Internalization Committee submitted a requisition notice in December calling for an EGM to consider 12 resolutions.

Sabana said that date, time and venue of the EGM are yet to be determined, adding that it will issue a notice for the details.

The company has rejected the requisitionist call for a meeting in January, citing non-compliance with the trust deed.

Sabana Industrial REIT trustee, HSBC Institutional Trust Services (Singapore), said in a statement on 9 January that convening an EGM or considering the requisition resolutions will not be beneficial to the progress of the internalisation. 

The requisitionists submitted a separate notice on 11 January.