Chairman of Dasin Retail Trust's manager finalises sale of stake in manager

The Edge Singapore
The Edge Singapore 10/12/2021 6:30 PM GMT+08  • 1 min read
Chairman of Dasin Retail Trust's manager finalises sale of stake in manager
Chairman of Dasin Retail Trust's manager sells stake in the manager to Sino-Ocean Capital.
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Dasin Retail Trust’s manager announced that Zhang Zhencheng, chairman Dasin Retail Trust’s manager, has completed the transfer of shares in the manager to New Harvest, an affiliate of Sino-Ocean Capital.

Dasin Retail Trust’s unit price, which had been under pressure, rebounded to 43 cents on Oct 12, after hitting a low of 38 cents on Sept 30. Based on its 1HFY2021 DPU of 2.98 cents, the annualised DPU yield is more than 13% while price to net asset value is just 0.29 times based on the NAV of $1.46.

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