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Dasin Retail Trust ( (SG:CEDU) ) has provided an announcement.
Dasin Retail Trust has reported unauthorized repayment activities by its PRC subsidiaries, specifically concerning onshore loans, which breach the Intercreditor Deed. This breach involves the Onshore Borrower, Zhongshan Yuanxin Commercial Property Management Co Ltd, threatening to repay onshore liabilities ahead of offshore liabilities and filing a complaint with regulatory authorities, actions that have been deemed flagrant breaches of the agreement.
More about Dasin Retail Trust
Technical Sentiment Signal: Sell
Current Market Cap: S$16.09M
Learn more about CEDU stock on TipRanks’ Stock Analysis page.