Sabana Reit says 'no' to EGM requisition from Quarz Capital, Black Crane

THE manager of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) said it will not be convening the extraordinary general meeting (EGM) requisitioned by Quarz Capital and Black Crane Capital.

Sabana Reit not convening EGM requisitioned by fund managers

THE manager of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) said it will not be convening the extraordinary general meeting (EGM) requisitioned by Quarz Capital and Black Crane Capital.

Seizing a juicy opportunity

AFTER leaving his decade-long career as an engineer in the semiconductor industry, Bruce Zhang thought about opening a chain of fruit juice stalls after noticing that people were jumping on the bandwagon of healthy eating.

Quarz, Black Crane plan EGM requisition to approve internalisation of Sabana Reit manager

QUARZ Capital and Black Crane Capital, in a joint statement released on Wednesday and seen by The Business Times, said they intend to requisition an extraordinary general meeting (EGM) for the internalisation of the manager of Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana...

Quarz, Black Crane plan EGM requisition to approve internalisation of Sabana Reit manager

QUARZ Capital and Black Crane Capital, in a joint statement released on Wednesday and seen by The Business Times, said they intend to requisition an extraordinary general meeting (EGM) for the internalisation of the manager of Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana...

SUNBURST 2020

Sunburst goes virtual this year, with a dash of imagination

LIGHTS, camera, action - but this show will not have an opening curtain or an audience in attendance.

HYFLUX SAGA

End of the road for Hyflux board as court appoints interim judicial managers

HYFLUX has been placed under judicial management (JM) following the High Court's rule on Monday, putting an end to a more than two-year-long saga of debt moratorium.

Hyflux placed under judicial management

BORRELLI Walsh has been appointed interim judicial managers (JMs) for Hyflux.

Sabana, ESR directors recommend voting for proposed merger of the 2 Reits

THE independent directors of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) and recommending directors of ESR-Reit are recommending unitholders to vote for the proposed merger of the two, at the current terms of 0.94 ESR-Reit unit for one Sabana Reit unit.

Sabana's scheme meeting set for Dec 4; managers emphasise that 'bigger is better'

SABANA Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) will be going ahead with its scheme meeting on Dec 4 for unitholders to vote on the proposed merger with ESR-Reit, said chief executive of the manager Donald Han in a media call on Thursday.

ESR and Sabana's IFAs advise voting in favour of proposed merger

THE respective independent financial advisers (IFAs) appointed by the managers of ESR-Reit and Sabana Shari'ah Compliant Industrial Reit (Sabana Reit) have advised the Reits' directors to recommend that unitholders vote in favour of the merger.

CapitaLand has a global philanthropic footprint in battle against Covid-19

LAST month, CapitaLand added another feather to its cap when it was awarded the 'Organisation of Good' at the President's Volunteerism and Philanthropy Awards 2020 for its exemplary contribution to the community in Singapore during the Covid-19 pandemic.

Sabana Reit mulls fund managers' requisition notice asking for EOGM

THE board of the manager of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust on Wednesday said it is considering the requisition notice from Quarz Capital and Black Crane Capital and seeking legal advice, adding that it will make further announcements on SGXNet in due course...

Quarz, Black Crane seek Sabana Reit EGM to vote on five resolutions

FUND managers Quarz Capital and Black Crane Capital, in a letter sent on Tuesday and seen by The Business Times, have made a requisition to the board of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust's (Sabana Reit) manager to convene an extraordinary general meeting (EGM)....

Quarz, Black Crane ask Sabana Reit's manager to convene EGM

FUND managers Quarz Capital and Black Crane Capital, in a letter sent on Tuesday and seen by The Business Times, have made a requisition to the board of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust's (Sabana Reit) manager to convene an extraordinary general meeting (EGM)....

DATA CENTRES

How Singapore can break out of land scarcity in data centre space

SINGAPORE is naturally constrained by its size against other large data-centre markets in the region. But what it lacks in size, it hopes to make up for in green innovation.

Vicom posts 5% fall in Patmi for Q3

VICOM posted a 5 per cent slip in its profit after tax and minority interest (Patmi) for the third quarter ended Sept 30, from S$7.15 million a year ago to S$6.82 million.

BT EXCLUSIVE

Singapore hits pause on building new data centres; short-term rents up

SINGAPORE authorities have nudged data centre players to stop building new ones on this land-scarce island, triggering a rise in short-term rental rates.

Gen Z youth more interested in digital investment: OCBC

DIGITAL investments made by Gen Z youth have tripled over the past year, data from OCBC found, with micro-investing, which allows investors to start investing with very low minimum investment amounts, a hit among the group.

CRCT proposes to buy five business parks, remaining stake in mall for 4.95b yuan

THE manager of CapitaLand Retail China Trust (CRCT) has proposed to buy interests in five business park properties and the balance 49 per cent interest in its Rock Square mall asset for an agreed property value of about 4.95 billion yuan (S$1.01 billion) from related parties.

BT EXCLUSIVE

CRCT proposes to buy five business parks, remaining stake in mall for 4.95b yuan

THE manager of CapitaLand Retail China Trust (CRCT) has proposed to buy five business park properties and the balance 49 per cent interest in its Rock Square mall asset for an agreed property value of about 4.95 billion yuan (S$1.01 billion).

DATA CENTRES

Singapore rides pan-Asian data centre trend

PRIVATE equity firms are pushing deeper into the data centre market in Singapore - as they are in other parts of the world - as Covid-19 prompts more companies to go digital.

World's biggest IPO halted as Ant Group feels Shanghai's bite

IN a shock decision, the Shanghai Stock Exchange (SSE) has suspended Ant Group's listing - just two days before the world's largest initial public offering was to take place in the city and in Hong Kong.

Positive outlook for China equities: Credit Suisse

ANALYSTS at Credit Suisse remain bullish on China equities and expect to see more upside in the market amid good recovery growth from the containment of the coronavirus and easing of lockdown measures in the country.

Frasers Hospitality Trust DPS falls 68.3% for FY20

FRASERS Hospitality Trust (FHT) has posted a distribution per stapled security (DPS) of 1.3982 Singapore cents for the full year ended Sept 30, down 68.3 per cent from 4.4129 Singapore cents the previous year.