Sabana REIT's crown jewel, New Tech Park. (Photo: REITsWeek)Sabana REIT's crown jewel, New Tech Park. (Photo: REITsWeek)

The contentious candidate proposed as an independent director on the board of Sabana Industrial REIT (Sabana REIT) has attempted to sway Quarz Capital’s decision on the matter multiple times, said the latter on 12 April.

But despite the repeated attempts Quarz Capital remains firm on its decision to not support the candidate, Chan Wai Kheong, given his prior business dealings with ESR Cayman and significant stake in AIMS APAC REIT.

These were the claims made by Quarz Capital in its 12 April letter to refute media reports insinuating that it has been approached by a potential buyer to sell its stake in Sabana REIT.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.