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Dasin Retail Trust Announces Director Resignation Amid Disputes

Story Highlights
  • Dasin Retail Trust announced the resignation of Mr. Zhang Zhongming as an alternate director.
  • The board refuted allegations in the resignation letter, emphasizing ZZM’s refusal to facilitate leadership changes.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Dasin Retail Trust Announces Director Resignation Amid Disputes

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The latest announcement is out from Dasin Retail Trust ( (SG:CEDU) ).

Dasin Retail Trust Management Pte. Ltd. announced the resignation of Mr. Zhang Zhongming as an alternate director. The resignation letter contained allegations against the board, which the majority directors refuted, citing disagreements over past decisions and ZZM’s refusal to facilitate changes in the Chinese subsidiaries’ leadership. The board emphasized that ZZM had the opportunity to convene meetings but chose not to.

More about Dasin Retail Trust

Average Trading Volume: 30,409

Technical Sentiment Signal: Sell

Current Market Cap: S$16.09M

See more data about CEDU stock on TipRanks’ Stock Analysis page.

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