Dasin Retail Trust (DRT)

REITs

Zhang Guiming files winding-up application against Dasin Retail Trust’s trustee-manager

The trustee-manager says it will be seeking legal advice in respect of the winding-up claim.
Dasin Retail Trust’s property valuation falls by 4.6% h-o-h to RMB9.09 bil - THE EDGE SINGAPORE

REITs

Dasin Retail Trust in breach of offshore facilities after valuation decline

The trust's valuation fell by 4.6% h-o-h to RMB9.09 billion as at June 30, 2023.

REITs

Dasin Retail Trust receives letters of demand from members of trustee-manager on outstanding payments

The letters, dated Jan 24, were from the trustee-manager’s CEO, CFO, CIO and executive secretary.

REITs

Lender concerned that restructuring of Dasin Retail Trust may be delayed during requisition to internalise manager

As at 4.59pm, units in Dasin Retail Trust are trading 0.5 cents higher or 10.2% up at 5.4 cents.

REITs

Minority investors of Dasin Retail Trust seek to hold EGM to internalise manager

Unitholders are upset about the value destruction of the trust.

Global Economy

Briefs: Singapore seeks financial firms' documents in laundering case, SGX RegCo issues 'trade with caution' on DRT

Quoteworthy: "We want good luck and good things to happen." –— Presidential candidate Tharman Shanmugaratnam.
This is why refinancing of Chinese S-REITs and trusts takes longer  - THE EDGE SINGAPORE

REITs

This is why refinancing of Chinese S-REITs and trusts takes longer

Inter-creditor agreement slows down refinancing of Chinese assets for REITs; was disclosure late at DRT?

Results

Dasin Retail Trust reports $277.9 mil loss for FY2022

According to the trust, it isn’t able to declare any distributions as the group has defaulted on some $910 million in loans.

REITs

Winding-up petition against Sino-Ocean Capital, which holds 70% of Dasin Retail Trust’s trustee-manager postponed to Aug

The trust adds that it will be disputing the termination of the shareholders’ agreement by one of its shareholders.
Directors' differences, disclosure issues emerge for Dasin Retail Trust's trustee-manager - THE EDGE SINGAPORE

REITs

Directors' differences, disclosure issues emerge for Dasin Retail Trust's trustee-manager

Differences emerge between large unitholder and lead independent director at Dasin Retail Trust's manager
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