Sabana Shari'ah REIT

[weijian]

The media campaign of these guys quite good 

Quarz Explains How to VOTE AGAINST Rights Issue and Placements at Sabana REIT AGM
https://www.youtube.com/watch?v=rTlCmpmMALk

Quarz Calls on Sabana REIT Unitholders to VOTE AGAINST Resolution 4 at 25 April 2023 AGM
https://youtu.be/c_3k_gf88ds

ya lar, have to email or send letter to vote against rights and placements la.

all the reit manager think shareholders are money tree, keep doing placements and rights, buy assets, then more fees for them.

Never think how they should improve DPU and price. like ESR Logos and Manulife la.. keep injecting assets from sponsor and share price free fall.

will vote against!

It seems like Quarz has scored a victory...In addition, they also took the scalp of a proposed ID (who will still serve on the BOD as a non independent)

RESULTS OF ANNUAL GENERAL MEETING HELD ON 25 APRIL 2023

https://links.sgx.com/FileOpen/Results%2...eID=756043

Company's answer to Mrs Elaine Lim's proposed ID appointment:

Mr Donald Han and Mrs Elaine Lim were not colleagues at HSR. Mr Donald Han was a nonexecutive special adviser to the CEO and COO of HSR (and not a board director) whilst Mrs Elaine Lim was a non-executive independent director. During the short overlap of their respective tenure at HSR, their interaction was limited. They have had no interaction since 2013. It was SIAS that recommended Mrs Elaine Lim to the current Sabana board and she complies with all the criteria of independence, as identified in the Singapore Code of Corporate Governance 2018, the Securities and Futures (Licensing and Conduct of Business) Regulations and the Listing Manual of the Singapore Exchange Securities Trading Limited. The process that Sabana's Nominating and Remuneration Committee and Board took to review and approve her appointment is detailed in the company's announcement (please refer to https://sabana.listedcompany.com/news.html/id/2395021), posted on SGXNet on 6 July 2022.