Dasin Retail Trust to acquire Guangdong mall for $275 mil

Uma Devi
Uma Devi7/1/2019 03:22 PM GMT+08  • 2 min read
Dasin Retail Trust to acquire Guangdong mall for $275 mil
SINGAPORE (July 1): The trustee-manager of Dasin Retail Trust (DRT) is acquiring Documen Metro Mall in China for $274.8 million.
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SINGAPORE (July 1): The trustee-manager of Dasin Retail Trust (DRT) is acquiring Documen Metro Mall in China for $274.8 million.

On Sunday, DRT's trustee-manager entered into a sale and purchase agreement with Zhang Zhencheng, the chairman and non-executive director of the trustee-manager, and sponsor Zhongshan Dasin Real Estate.

The acquisition will be funded through a combination of debt and equity, says the trustee-manager.

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