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Dasin Retail Trust in talks to sell two of its malls

The Edge Singapore
The Edge Singapore3/20/2022 5:8 PM GMT+08  • 2 min read
Dasin Retail Trust in talks to sell two of its malls
Dasin's manager can still entertain offers from other parties
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Dasin Retail Trust is in talks to sell two of its assets, retail malls Shiqi Metro Mall and Xiaolan Metro Mall to an entity linked to one of the trust’s substantial shareholders. The two malls, last valued at RMB4.8 billion, account for 42.8% of total assets by value.

Both malls are located Zhongshan of China’s Guangdong province.

The potential buyer Wuhu Yuanche Bisheng Investment Center, is described by Dasin as a buyout fund with institutional and private investors.

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