dasin retail trust
Dasin Retail Trust’s China unit could face legal action if it fails to pay back offshore loans
The subsidiary has breached an inter-creditor deed by making unauthorised repayments of onshore loans
Dasin Retail Trust suspends trading amid financial reporting challenges
Trustee-manager says since Q3 2023, the management team of the China units has stopped providing key financial documents
Dasin Retail Trust trustee-manager hits back at claims in alternate director’s exit letter
Zhang Zhongming says staying in his position ‘serves no useful purpose’, claiming his input was snubbed, and that financial reports remained unpublished despite his reminders
More nominee shareholders, accounts could be detrimental to investor protection
The Dasin Retail Trust saga illustrates the challenge for a listed issuer to operate when stakes are held through nominee accounts
Trustee-manager of Dasin Retail Trust declares notice of upcoming EGM is ‘invalid’; any resolutions passed will be void
The trustee-manager’s board recommends that unitholders do not participate in the proposed EGM
Dasin unitholders call for another EGM to internalise manager, replace adviser
More than 19 months have passed since FTI Consulting (Singapore) was appointed to assist with the restructuring of the retail trust’s financial obligations
Dasin Retail Trust to terminate remaining mall management agreements
This is despite two minority directors not voting on the resolutions to do so
Dasin Retail Trust seeks court order to restrain proceedings against it for 6 months
A report has also been filed in connection with certain discovered documents that may relate to suspicious buy-back arragements at pre-agreed prices
Unitholders of Dasin Retail Trust fail to pass resolutions at EGM convened by requisitionists
UNITHOLDERS of Dasin Retail Trust failed to pass a resolution seeking the removal of the manager of the trust at an extraordinary general meeting (EGM) convened by requisitionists on Monday (Sep 9).
Dasin Retail Trust’s non-executive directors get letter of demand from trustee-manager
It wants Zhang Zhencheng and Zhang Zhongming to compensate the losses it suffered from a potential investor deal that fell through
