Dasin Retail Trust to buy China mall for 1.37b yuan
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Fiona Lam
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Singapore
MAINBOARD-LISTED Dasin Retail Trust will purchase Doumen Metro Mall in China for 1.374 billion yuan (S$274.8 million), funded with a mix of debt and equity, its trustee-manager announced on Sunday night. The acquisition is considered an interested-person transaction.
On June 30, the trustee-manager signed a sale-and-purchase agreement (SPA) with Zhang Zhencheng, who is its chairman and non-executive director, and the sponsor, Zhongshan Dasin Real Estate.
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