Date: April 28, 2017
SIAS is pleased that the unitholders of Sabana REIT today voted in the interest of the company and against the removal of the manager and winding up the REIT. Now that the unitholders have had their voice heard, it is imperative that the Board works towards uniting all unitholders and steer the REIT to deliver value to unitholders. The strategic review announced earlier will be the next focus for unitholders. I trust the Board will reflect on what has just happened, and take the necessary and immediate actions actions to bring the REIT to the next level and avoid a similar situation from repeating.
David Gerald
Founder, President & CEO
Securities Investors Association (Singapore)
