Dasin Retail Trust has rebounded off a low of 59 cents made on June 30, to end the week at 61 cents. At this price, the trust is priced at just 0.43 times its net asset value of $1.41 which represents a hefty discount.  

On April 28, Zhang Zhencheng, owner of Dasin Retail Trust’s trustee-manager and the trust’s major unitholder, and a unit of ARA Asset Management announced that ARA would take a 50% stake in the manager, and acquire approximately 5% of Dasin units from Zhang.  For the Dasin units, ARA would acquire a 2.5% stake first, followed by the remaining units to make its stake up to 5%. A business update by Dasin on May 17 said the sale shares of the manager and the initial stake in the trust is expected to complete in May this year. There has to-date been no announcement of the completion of this transaction. In addition, the units in Dasin held by Zhang rose from 53.56% to 53.7% because of fees paid to the trustee-manager in units.

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