Sabana Shari'ah REIT

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I am not too surprised. Quarz tend to oversimplied things and tend not to focus on details. But they did help shareholders in the earlier proposed merger with Er reit. This compares with to ESR the sponsor

Well, now that the external manager had been removed, if indeed amendments of the trust deed is needed, it will need 75% approval at an EGM. Even if sponsor and concert parties are not allowed to vote (which I think might be impossible since amendment of trust deed is generic in nature in terms of language), it is not a certainty that it will be passed.

Frankly speaking, they should have sort this out with the regulatory authority and the trustee before even attempting to remove the manager. If trust deed changes is indeed needed and not carried at an EGM, unitholders might be left in limbo, with no manager in place since internalisation could not be carried out.

Agree with u.  But the external manager is still there, running in the interim until replaced.  But whether the manager is now committed and motivated, that is a separate question.