Dasin Retail Trust (SG:CEDU) has released an update.
Dasin Retail Trust is embroiled in internal conflict as the Trustee-Manager received a cease and desist letter accusing the acting CEO and majority directors of actions detrimental to unitholders, including unauthorized entry into a commercial management agreement and improper control over subsidiary bank accounts. The allegations suggest an effort to dissipate the Trust’s assets, leading to demands from the concerned party.
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