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Shareholders maybe caught off guard, if mgr only table (1) sell all units/assets or (2) sell mgr, option for voting. 😣
SGX should query why sabana mgr did not tasked Morgan to study the option to vote-out-mgr, which is the key request, and then hire new mgr. Is there the intention to leave out the 'vote-mgr-out' call at EGM ?
danger ( Date: 07-Mar-2017 08:07) Posted:
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Sale of mgr mean same mgr ... should just vote them out !
The scope of Morgan Stanley, as announced on 1 March 2017, involves assisting in exploring the options available
for Sabana REIT to enhance unitholder value, which may include:
- A potential sale of all units or assets of Sabana REIT and a sale of the Manager, and/or
- Sourcing and considering potential strategic partners who can enhance Sabana REIT's
performance in terms of, inter alia, the following factors:
(i) ability to contribute pipeline of quality assets to Sabana REIT to improve the current property
portfolio mix
(ii) improving the borrowing ability of Sabana REIT and
(iii) ability to enhance the capability of the management team.
SUPER BULLISH AS ALL THE CANDLESTICKS SURGES ABOVE THE 14 , 50 and 100 DAYS MOVING AVERAGES
MACD WELL ABOVE THE ZERO LINE AND DID ANOTHER CROSS OVER
LOAD UP !!!
CIMB views e-Shang Redwood (ESR) recent emergence as a substantial unitholder of Sabana Shariah Compliant Real Estate Investment Trust (Sabana REIT) as a precursor to the potential consolidation of small- to mid-cap industrial REITs.
Through its subsidiary e-Shang Infinity Cayman, ESR has emerged as a 5.01% unitholder of Sabana REIT. This development is certainly raising eyebrows on the embattled REIT, which recently appointed Morgan Stanley as its financial advisor for the strategic review of the trust,say CIMB analysts Yeo Zhi Bin and Lock Mun Yee in a Sunday report.
ESR is the second-largest developer in North Asia with more than US$5 billion ($7.1 billion) of assets under management (AUM) across China, Korea and Japan. It is backed by private equity firm Warburg Pincus, and focuses on modern logistics and warehouses.
Together with Tong Jingquan estimated 6% stake, these two unitholders [ ESR and Tong Jingquan ] collectively own about 11% of Sabana REIT, matching the 12% stake of Eric Khua &rsquo s Vibrant Group. Vibrant Group also owns 51% of Sabana Real Estate Investment Management, the REIT manager, and is Sabana REIT &rsquo s largest tenant, they add.
CIMB views e-Shang Redwood (ESR)&rsquo s recent emergence as a substantial unitholder of Sabana Shari&rsquo ah Compliant Real Estate Investment Trust (Sabana REIT) as a &ldquo precursor to the potential consolidation of small- to mid-cap industrial REITs "
&ldquo Through its subsidiary e-Shang Infinity Cayman, ESR has emerged as a 5.01% unitholder of Sabana REIT. This development is certainly raising eyebrows on the embattled REIT, which recently appointed Morgan Stanley as its financial advisor for the strategic review of the trust, &rdquo say CIMB analysts Yeo Zhi Bin and Lock Mun Yee in a Sunday report.
ESR is the second-largest developer in North Asia with more than US$5 billion ($7.1 billion) of assets under management (AUM) across China, Korea and Japan. It is backed by private equity firm Warburg Pincus, and focuses on modern logistics and warehouses.
&ldquo Together with Tong Jingquan&rsquo s estimated 6% stake, these two unitholders [ESR and Tong Jingquan] collectively own about 11% of Sabana REIT, matching the 12% stake of Eric Khua&rsquo s Vibrant Group. Vibrant Group also owns 51% of Sabana Real Estate Investment Management, the REIT manager, and is Sabana REIT&rsquo s largest tenant, &rdquo they add.
MASSIVE BREAK THROUGH THE 47 CENTS RESISTANCE
MORE THAN 10 MILLION SHARES ACCUMULATED IN LESS THAN 3 HRS
As long as cash from right issue hasn' t been used to buy the new properties, the NAV from both existing properties and cash, should still be MORE than the projected Pro Forma NAV per unit of 64 cts
TAKEOVER OF SABANA REIT SOON ??
ABOUT 7 MILLION SHARES ACCUMULATED BY THE BIG BOYS IN 1.5 HOURS !
THE BIG BOYS AND FUNDS ARE BACK !!!
FROM $1.30 to 47 cents !!!
SUPER BULLISH !!! DAY 1 !!!!
Taking over action!
May Rise above $0.5 very soon!
May Rise above $0.5 very soon!
lai liao
In business, time is of essence. If they are confident of their plan, they will be leading the execution, similar to Oxley directors leading the IHC revolt. But if they do not have the intention, means or are simply not confident of getting enough unitholder' s support. They will sideline and wait for the next opportunity to arise.
ESR can support kicking out Sabana mgr then replace with their newly acquired Cambridge reit mgr