5 April 2022


WE refer to the letter by Sabana Industrial Reit chairman and independent non-executive director Tan Cheong Hin, “More than one side to story about concerns of director independent” (BT, Apr 5, 2022).

Our response is structured in two parts. In Part 1, we outline how Tan failed to tell the full story. In Part 2, we have doubts about whether Tan is the right person to defend the “independence” of Chan Wai Kheong given the string of decisions made by the board of directors, which have turned out to be detrimental to the interests of unitholders of Sabana Reit.