The REIT will undergo internalisation without the involvement of a sponsor.
Sabana Industrial REIT has recommended Chew Tuan Chiong, Chun Ming Jimmy Chan, and Sandip Talukdar as director candidates for the REIT once it becomes internally managed without a sponsor.
Unitholders of the REIT questioned the trustee's decision as conflicts related to the candidates emerged.
Chew has been cited to be in favor of an external manager model which conflicts with the REIT's transition into an internally managed REIT.
The trustee, however, said that Chew's experience and track record in managing and overseeing REITs was considered to meet the criteria set for the search process.
"Dr. Chew showed an open-mindedness towards an internalised management model, given precedents in other jurisdictions where internalised REITs have been successful," the trustee said.
The unitholders also raised concerns regarding Chan's investigation by the Hong Kong Securities and Exchange Commission (HK SFC) when his company, Maxsen Capital, promoted itself as carrying on regulated activities in Hong Kong for about six years when the regulator did not give them the approval to do so.
Chan resigned from Maxsen Capital during the investigation in 2016 and was not reprimanded for his actions.
The trustee cited Chan's response to HK SFC's investigation stating that "Maxsen Group made regulatory submissions and amendments to its website to better reflect the group's business and scope of services.
Following Maxsen's submissions, and considering all the circumstances in this case, the HK SFC concluded that no formal enforcement action was necessary and that the HK SFC did not propose to take any further action against Maxsen."
Meanwhile, the unitholders questioned Talukdar's ability to contribute positively to the REIT following his dismal performance as LMIRT's director where the share price lost 90% of its value during his tenure.
Talukdar responded by stating that he met the criteria set by the trustee. "Unitholders should refer to the complete detailed experience outlined in the Circular when making a decision," Talukdar said.
The REIT will hold an extraordinary general meeting (EGM) at Hope@New Tech Park on Friday, 18 October at 10:10 am.
房地產投資信託基金將在沒有贊助商參與的情況下進行內部化。
勝寶工業信託已推薦Chew Tuan Chiong、Chun Ming Jimmy Chan和Sandip Talukdar作爲房地產投資信託基金內部管理但沒有保薦人的董事候選人。
隨着與候選人有關的衝突的出現，房地產投資信託基金的單位持有人質疑受託人的決定。
據稱，Chew贊成外部經理人模式，這與房地產投資信託基金向內部管理的房地產投資信託基金的過渡相沖突。
但是，受託人表示，Chew在管理和監督房地產投資信託基金方面的經驗和往績被認爲符合搜索過程的標準。
受託人說：「鑑於內部化房地產投資信託基金在其他司法管轄區取得成功的先例，周博士對內部化管理模式表現出開放的態度。」
基金單位持有人還對香港證券交易委員會（Hk SFC）對陳的調查表示擔憂，當時他的公司Maxsen Capital宣稱自己在香港從事受監管活動約六年，但監管機構沒有批准他們這樣做。
Chan陳在2016年調查期間辭去了Maxsen Capital的職務，他的行爲沒有受到譴責。
受託人引用了陳對香港證監會調查的回應，他說：“Maxsen集團提交了監管文件並對其網站進行了修改，以更好地反映該集團的業務和服務範圍。
根據Maxsen的陳述，考慮到本案的所有情況，香港證監會得出結論，沒有必要採取正式的執法行動，香港證監會也沒有打算對Maxsen採取任何進一步行動。”
同時，單位持有人質疑塔魯克達爾是否有能力爲房地產投資信託基金做出積極貢獻，此前他在擔任LMIRT董事時表現不佳，股價在任職期間下跌了90％的價值。
塔魯克達爾回應說，他符合受託人設定的標準。塔魯克達爾說：「單位持有人在做出決定時應參考通告中概述的完整詳細經驗。」
房地產投資信託基金將於10月18日星期五上午10點10分在Hope @New Tech Park舉行特別股東大會（EGM）。
