Sabana Industrial REIT's ICDE to Oppose All Resolutions at March EGM

MT Newswires

Feb 05, 2025

Sabana Industrial REIT's (SGX:M1GU) Internalization Committee and Directors Elect (ICDE) will vote against all the resolutions requisitioned on Jan. 17 at the upcoming extraordinary general meeting in March, according to a filing with the Singapore Exchange on Wednesday.

The ICDE also called on unitholders to oppose the resolutions, which include a proposal to conduct a price discovery process aimed at selling all or most of the REIT's assets.

The committee said it plans to consider several strategic options, including the sale of the entire portfolio, to "maximize the value for Sabana unitholders" once a new internal manager takes over.

The transition to a new internal manager is expected in the second quarter of 2025, subject to regulatory approvals, the disclosure said.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2509424328"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2509424328\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2509424328?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-02-05 14:33","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2509424328","market":"sg","top_or_hot":-1,"title":"Sabana Industrial REIT's ICDE to Oppose All Resolutions at March EGM","media":"MT Newswires","content":"<html><body><p> Sabana Industrial REIT's (SGX:M1GU) Internalization Committee and Directors Elect (ICDE) will vote against all the resolutions requisitioned on Jan. 17 at the upcoming extraordinary general meeting in March, according to a filing with the Singapore Exchange on Wednesday.</p><p>The ICDE also called on unitholders to oppose the resolutions, which include a proposal to conduct a price discovery process aimed at selling all or most of the REIT's assets.</p><p>The committee said it plans to consider several strategic options, including the sale of the entire portfolio, to \"maximize the value for Sabana unitholders\" once a new internal manager takes over.</p><p>The transition to a new internal manager is expected in the second quarter of 2025, subject to regulatory approvals, the disclosure said.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sabana Industrial REIT's ICDE to Oppose All Resolutions at March EGM</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSabana Industrial REIT's ICDE to Oppose All Resolutions at March EGM\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1060499803\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires </p>\n<p class=\"h-time\">2025-02-05 14:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Sabana Industrial REIT's (SGX:M1GU) Internalization Committee and Directors Elect (ICDE) will vote against all the resolutions requisitioned on Jan. 17 at the upcoming extraordinary general meeting in March, according to a filing with the Singapore Exchange on Wednesday.</p><p>The ICDE also called on unitholders to oppose the resolutions, which include a proposal to conduct a price discovery process aimed at selling all or most of the REIT's assets.</p><p>The committee said it plans to consider several strategic options, including the sale of the entire portfolio, to \"maximize the value for Sabana unitholders\" once a new internal manager takes over.</p><p>The transition to a new internal manager is expected in the second quarter of 2025, subject to regulatory approvals, the disclosure said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"M1GU.SI","symbol_name":"胜宝工业信托","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2509424328","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2509424328","pubTimestamp":1738737205,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1060499803","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Sabana Industrial REIT's  Internalization Committee and Directors Elect  will vote against all the resolutions requisitioned on Jan. 17 at the upcoming extraordinary general meeting in March, according to a filing with the Singapore Exchange on Wednesday.The ICDE also called on unitholders to oppose the resolutions, which include a proposal to conduct a price discovery process aimed at selling all or most of the REIT's assets.The committee said it plans to consider several strategic options, including the sale of the entire portfolio, to \"maximize the value for Sabana unitholders\" once a new internal manager takes over.The transition to a new internal manager is expected in the second quarter of 2025, subject to regulatory approvals, the disclosure said.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"M1GU.SI":"胜宝工业信托","BK6133":"工业房地产信托","BK6082":"工业房地产投资信托","BK6512":"房地产股"},"translate_title":"Sabana Industrial REIT的ICDE将反对3月份临时股东大会上的所有决议","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"M1GU.SI":0.9},"content_text":"Sabana Industrial REIT's (SGX:M1GU) Internalization Committee and Directors Elect (ICDE) will vote against all the resolutions requisitioned on Jan. 17 at the upcoming extraordinary general meeting in March, according to a filing with the Singapore Exchange on Wednesday.The ICDE also called on unitholders to oppose the resolutions, which include a proposal to conduct a price discovery process aimed at selling all or most of the REIT's assets.The committee said it plans to consider several strategic options, including the sale of the entire portfolio, to \"maximize the value for Sabana unitholders\" once a new internal manager takes over.The transition to a new internal manager is expected in the second quarter of 2025, subject to regulatory approvals, the disclosure said.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}