Sabana Shari'ah REIT

[ACTIVIST SPEAKS]

Mdm Ho Chin, in her speech in 2005, highlighted the perils of a Manager buying an assets at inflated prices and the vendor agreeing to lease back the same property at inflated rents well above market rates. She said the REIT’s investment hurdles are technically met and both the Manager and the vendor can claim to be “winners” in the deal. “The losers are the unitholders” she added.

THIS IS OUR BIGGEST PROBLEM.  This debunk all of the Manager's rebuttal using the desktop valuation report of Knight Frank and Savills to justify the higher price paid for all their recent purchases.