I wrote on Sabana just a couple of days ago (Link Here) and wanted to update on their latest announcement.
The update on the strategic review is finally out on Friday morning.
This explains why the share price has been sliding down in the past couple of weeks since they announced their Q3 results, perhaps there are insiders who already knew about the news.
I wanted to summarize the update in a nutshell to give us fellow investors some train of thoughts on what we need to do with this.
1.) Talks with ESR Reits have ended.
This is probably the most concerning news for investors if you are buying on the thesis of a successful review.
We’ll probably never know the real reason behind this but it appears neither ESR nor Vibrant Group can reach out to a conclusion on this.
It’ll remain to be seen …