Dasin Retail Trust (SG:CEDU) has released an update.
Dasin Retail Trust Management Pte. Ltd., which oversees Dasin Retail Trust, has received communication from lender banks requesting the preservation of the Trust’s status and expressing concern over a winding up application. These banks, representing over half of the Trust’s offshore loans, hope for a consensual restructuring agreement. The Trustee-Manager, excluding the conflicted Minority Directors, is currently managing the situation and will update investors on significant developments.
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