Dasin Retail Trust (SG:CEDU) has released an update.
Dasin Retail Trust faces potential revocation of registration changes for its China Subsidiaries, following allegations of improper conduct during the replacement of legal representation. The Zhuhai City Market Supervisory Authority has issued a notice indicating that the Trust’s Acting CEO obtained approvals through improper means, prompting an upcoming hearing. This development could have significant implications for investors and the trust’s operations in China.
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