Home News REITs

Big block of Dasin Retail Trust changes hands

Goola Warden
Goola Warden6/22/2022 11:47 AM GMT+08  • 2 min read
Big block of Dasin Retail Trust changes hands
A 50 million block of Dasin Retail Trust units changed hands at 34.5 cents, at a yield of 16% and P/NAV of 0.24x
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

On the morning of June 22, brokers reported that 50 million units of Dasin Retail Trust changed hands at 34.5 cents, a significant 7.8% premium over its unit price of 32 cents as at June 21. On Monday June 20, Dasin Retail Trust closed at 30 cents. The trust has 794 million units in issue, so the 50 million tranche represents almost 6.3% of outstanding units.

On June 20, Dasin’s manager announced that it managed to extend a $499.52 million loan that matured on June 19, to Dec 31, 2022. The loan is a combination of onshore and offshore facilities for Xiaolan Metro Mall, Ocean Metro Mall and Dasin E-Colour (the IPO portfolio) and Shiqi Metro Mall.

“The Trustee-Manager has been working closely with the Lenders for the refinancing exercise and exploring potential proposals including but not limited to the disposal of the certain trust assets, partnership with strategic investors, and alternative fund raising activities. The Trustee-Manager hopes to see a successful conclusion to the refinancing exercise soon,” Dasin’s manager said.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now