A wholly-owned subsidiary of ESR Cayman Limited has acquired a controlling stake in the shareholder of Sabana REIT’s manager.
The subsidiary, InfinitySub, has acquired 420 ordinary shares in the Blackwood Investments, which collectively represents 60% of the REIT manager's issued, and paid-up share capital.
Unitholders of Sabana REIT was first informed of the proposed acquisition, which would increase ESR Cayman’s stake in the REIT, in November 2018.
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