Alpha Integrated RE    Last:0.48    -0.01

SABANA REIT

Can be used for reducing debts,... but if this is to happen, Sabana has to re-declare the objectives of the funds,....Listing Rules,....

HVRRVH      ( Date: 07-Jul-2017 07:32) Posted: 2 out of 3 proposed purchase dropped. 1 more to go. The money raised through right issue was meant to fund the purchase, any basis for the reit to keep the money now.

 

This babe is going to fly soon!

Cheers!

 

https://www.theedgesingapore.com/sabana-reit-aborts-acquisition-72-eunos-ave-7-property

 

2 out of 3 proposed purchase dropped. 1 more to go. The money raised through right issue was meant to fund the purchase, any basis for the reit to keep the money now.

 

Today should move upwards

 

How to grill,... what else to do since the EGM has been granted to us ??

mrwise      ( Date: 03-Jul-2017 11:16) Posted: Taking so long on strategic review! Time to start our grilling processes! Not taking us seriously...

 

wipe out 0.46 cts 

 

Taking so long on strategic review!

Time to start our grilling processes!

Not taking us seriously...

 

Waiting here too,... it has been more than one-month since the EGM,... anything good to turn out from the EGM ?

 

What is brewing

 

Strategic review result coming ?

 

Turning up. Someone happy with the accumulation liao?

 

any news?

 

NOTICE IS HEREBY GIVEN THAT the Transfer Books and Register of Unitholders of Sabana Shari&rsquo ah Compliant Industrial Real Estate Investment Trust (&ldquo Sabana REIT&rdquo ) will be closed at 5.00 p.m. on 18 May 2017 (the &ldquo Books Closure Date&rdquo ) to determine Unitholders&rsquo entitlements to Sabana REIT&rsquo s distribution. Sabana REIT has announced a distribution of 0.88 cents per unit in Sabana REIT (&ldquo Unit&rdquo ) for the period from 1 January 2017 to 31 March 2017 (the &ldquo Distribution&rdquo ), comprising wholly taxable income distribution. Unitholders of Sabana REIT (&ldquo Unitholders&rdquo ) whose securities accounts with The Central Depository (Pte) Limited (&ldquo CDP&rdquo ) are credited with Units as at the Books Closure Date will be entitled to the Distribution to be paid on 14 June 2017

 

Sabana Shari' ah Compliant Industrial Real Estate Investment Trust announced that they will report Q1, 2017 results on May 09, 2017

http://infopub.sgx.com/FileOpen/20170509_1QFY2017_%20NoticeOfBCDAndDistributionPaymentDate_FINAL.ashx?App=Announcement& FileID=452800

Sabana REIT Sabana REIT was listed on Singapore Exchange Securities Trading Limited on 26 November 2010. It was established principally to invest in income-producing real estate used for industrial purposes, as well as real estate-related assets, in line with Shari&rsquo ah investment principles. Sabana REIT currently has a diversified portfolio of 21 quality properties in Singapore, in the high-tech industrial, warehouse and logistics, chemical warehouse and logistics, as well as general industrial sectors. Its total assets amount to approximately S$1.0 billion. Sabana REIT is listed in several indices within the SGX S-REIT Index, Morgan Stanley Capital International, Inc (MSCI) Index, the Global Property Research (GPR) index, FTSE index and S& P Dow Jones Indices. Sabana REIT is managed by Sabana Real Estate Investment Management Pte. Ltd., (in its capacity as the Manager of Sabana REIT) in accordance with the terms of the trust deed dated 29 October 2010 (as amended). Sabana REIT is a real estate investment trust constituted on 29 October 2010 under the laws of Singapore. For further information on Sabana REIT, please visit http://www.sabana-reit.com. 

 

Dividend coming

 

YES ! The objective is achieved ! This acts as an eye-opener event  to all the REITs in the world,...

Thank you  to Jerry and all the unitholders who championed for this !!!!!!

Back to Sabana - the thing is that the CEO is still around till YEAR-END ! That' s a very long time away,... anything can take place within now till then,... am I being too sensitive / over-cautious ? 

junction      ( Date: 10-May-2017 18:43) Posted: Retail investors lost the vote but achieves what they set out to do.   They succeeded in removing the underperforming ceo and cancelling the transaction of Changi south property which is not in the interest of shareholders.   More importantly, they have opened the eyes of other reit managers not to take retail shareholders for granted and for reit managers to align their interests with unitholders.   Thank you the movers and shakers. HB8289      ( Date: 09-May-2017 21:42) Posted: rector of Sabana Shari' ah Compliant Industrial Real Estate Investment Trust' s manager which had drawn unitholders' revolt has tendered his resignation.    PHOTO: BERITA HARIAN KEVIN Xayaraj, the embattled chief executive officer and executive director of Sabana Shari' ah Compliant Industrial Real Estate Investment Trust' s manager which had drawn unitholders' revolt has tendered his resignation. In an announcement to the Singapore Exchange, Sabana Reit' s manager, Sabana Real Estate Investment Management, said the resignation of Mr Xayaraj who has been with the manager since 2010, has been accepted by the board. His last day will be end December 2017 or earlier as may be agreed between the board and Mr Xayaraj to ensure a proper handover and smooth transition for his successor, it added. It was also announced that following the feedback from unitholders over the reit' s proposed acquisition of 47 Changi South Avenue, the deal has been terminated. " While the board maintains its view that the proposed acquisition would have been beneficial to the long-term interests of Sabana Reit and unitholders" , in light of the continuing feedback from unitholders, Sabana Reit and Freight Links Properties Pte Ltd - a subsidiary of the Reit' s sponsor, Vibrant Group - have agreed to terminate the put and call option agreement entered into for the proposed acquisition.

 

as expected, results are bad.

that is why they delay the announcement to after EGM .

unit manager survive but ceo kena axed.

do not rule out a loss for the next quarter under ths fxk tap manager.

 

https://www.reitsweek.com/2017/05/sabana-reit-sudden-opportunity-or-incessant-crisis.html

 

Should freezed or reduce at least 50% of his pay as he is not doing a good job!