Dasin Retail Trust units down 3.23% after auditor's going-concern comments
Reit had net current liabilities of S$719.9m, subsidiaries on group level had net current liabilities of S$663.2m
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DASIN Retail Trust units closed 3.23 per cent or S$0.01 lower at S$0.30 on turnover of 872,700 units on Tuesday (Apr 12), a day after the trustee-manager of the real estate investment trust (Reit) said that the Reit's auditor had raised concerns about the Reit's ability to continue as a going concern.
Deloitte & Touche, in its report on the financial statements of Dasin Retail Trust for the financial year ended December 2021, noted that the Reit and its subsidiaries were in a negative working capital position as at end-December 2021.
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