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Sabana Reit clarifies proposed merger with ESR-Reit not an asset sale

The Business Times

THE proposed merger of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) with ESR-Reit is not an asset sale, but a merger by way of a trust scheme of arrangement that will enable unitholders to stay invested in a "stronger, larger and more resilient enlarged Reit", Sabana Reit's manager clarified in a bourse filing on Wednesday.