Singapore REIT: Sabana REIT in Focus as Sector Consolidation Goes On

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Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Smartkarma

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According to SGX latest disclosures (<a href="http://infopub.sgx.com/FileOpen/_eFORM3V2_ESR_WP_Final.ashx?App=Announcement&amp;FileID=442081" target="_blank">link </a>to filings), e-Shang Infinity Cayman Limited has become a substantial shareholder of <a href="https://www.smartkarma.com/entities/911" target="_blank" data-smartkarma-citation="entities:911:1">Sabana Shariah Compliant Reit ("Sabana", SSREIT SP)</a>.<div class="content-highlight">e-Shang now owns 52,705,000 shares of Sabana representing a 5.01% stake. </div>From the filings, it seems that e-Shang had accumulated 51.45m shares (4.89% stake) before crossing the 5% mark after buying 1.25m shares of Sabana on 2 March 2017 at a total costs of SGD 546,250 (SGD 0.437 per share on average). Crossing the 5%…

According to SGX latest disclosures (link to filings), e-Shang Infinity Cayman Limited has become a substantial shareholder of Sabana Shariah Compliant Reit ("Sabana", SSREIT SP).e-Shang now owns 52,705,000 shares of Sabana representing a 5.01% stake. From the filings, it seems that e-Shang had accumulated 51.45m shares (4.89% stake) before crossing the 5% mark after buying 1.25m shares of Sabana on 2 March 2017 at a total costs of SGD 546,250 (SGD 0.437 per share on average). Crossing the 5%…

Sabana REIT - EShang Emerges with a 5.01% Stake

Sabana Industrial REIT

Sabana REIT - EShang Emerges with a 5.01% Stake