Sabana REIT unitholders vote down the proposed merger with ESR-REIT

Sabana REIT unitholders voted against the proposed merger with ESR-REIT, which failed to reach the required 75% approval.

Quarz Capital and Black Crane Capital had opposed the terms, arguing that they undervalued Sabana REIT relative to its net asset value.

Summary prepared by Quarz Capital from public reporting by DealStreetAsia. Refer to the original publication for the full article.