Sabana Reit has more to gain in proposed merger with ESR-Reit
IT IS not every day that an underdog in the Singapore Reit (S-Reit) sector with one of the smallest market capitalisations can vault onto the road to index inclusion with the help of a sister Reit under the same sponsor.
For unitholders of Sabana Reit, who just three years ago had tried to oust the manager and even liquidate the Reit, complaining of severe undervaluation and poor acquisitions funded by a dilutive rights issue, this is quite the fairytale ending.
While the proposed merger between ESR-Reit and Sabana Reit announced last Thursday is a win-win for…
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
China knockoff raid jolts a global throng of fake-fashion influencers
Tesla profits tumble but shares rise on new vehicle plan
Brokers’ take: CGS International upgrades Nanofilm to ‘hold’ despite lower target price
Roche cuts pipeline after research setbacks and sales drop
Brokerage Haitong removes long-term Hong Kong unit chief Lin, appoints new head
London stocks hit new record at open