26 April 2022

Activism, News, The Business Times

UNITHOLDERS of Sabana Industrial Real Estate Investment Trust (Sabana Reit) have voted not to endorse the appointment of independent non-executive director Chan Wai Kheong.

Chan, a hedge fund founder and former Credit Suisse trader, was appointed to the board of Sabana Reit in June last year.

At an annual general meeting (AGM) on Apr 26, unitholders representing some 77 per cent of votes cast voted against Resolution 3 to endorse his appointment as a director of the Reit manager.

Read More Here