Dasin Retail Trust’s price action suggests that the either the refinancing or the loan extension of the almost $500 million of loans that mature on July 18 has been successful. Of the $500 million, $419.5 million is offshore debt, and $80.1 million is onshore debt.

Dasin Retail Trust’s rebound in price, from a low of 46 cents to the close of 50.5 cents took place in the afternoon of July 16. During the morning, Dasin Retail Trust’s unit price remained weak. Even with the rebound, prices are still down 36% this year, and the stock is trading at just 0.35 times its net asset value - as at Dec 31, 2020 - of $1.41.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook