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SINGAPORE (April 10): Vibrant Group has confirmed it is currently engaged in discussions in relation to the acquisition of a further stake in the manager of the Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (Sabana REIT).
In a regulatory filing before Monday’s market open, Vibrant referred to the online news article published by The Edge Markets on April 8 titled "Vibrant Group acquiring a further 45% of Sabana REIT’s manager”.
However, Vibrant said no binding arrangements have as yet been entered into with any party in respect of this transaction and that there is no assurance that this transaction will be concluded.
Neither did the group deny or confirm the size of the stake to be acquired.
“The company remains committed to supporting the ongoing strategic review exercise of Sabana REIT,” adds Vibrant. — theedgemarkets.com.sg
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