Funds opposing Sabana, ESR REIT merger may embolden shareholder activism in Singapore

Funds opposing Sabana, ESR REIT merger may embolden shareholder activism in Singapore

120 Pioneer Road, ESR-REIT

A year-long spat between activist funds and a small real estate investment trust (REIT) over a merger is nearing a climax in Singapore, a battle that could embolden more investor dissent in a sleepy market dominated by retail shareholders.

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