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SC Capital unit proposed as Eagle Hospitality Reit's new manager

The Business Times

SCCPRE Hospitality Reit Management has been proposed as the new manager for Eagle Hospitality Real Estate Investment Trust (EH-Reit), part of stapled group Eagle Hospitality Trust (EHT). The announcement was made a day after the Monetary Authority of Singapore (MAS) ordered EH-Reit's trustee to remove the current manager within a month and to appoint a new manager "as soon as practicable".

Activist funds opposed to Sabana-ESR merger slam one-proxy rule

The Business Times

AHEAD of voting on the controversial merger between Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) and ESR-Reit, the deal's key opponents Quarz Capital Management and Black Crane Capital have raised concerns that the voting process involving custodians and nominee banks may be stacked against their interests.