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Dasin Retail Trust ( (SG:CEDU) ) has provided an announcement.
Dasin Retail Trust, through its trustee-manager Dasin Retail Trust Management Pte. Ltd., is facing legal proceedings in China initiated by Zhang Jieyan, related to the management and corporate governance of its subsidiaries. Zhang Jieyan claims that a resolution to remove the trustee-manager was validly passed, challenging the authority of Dasin Retail Trust Management Pte. Ltd. to manage the trust and its subsidiaries. The legal action seeks to invalidate corporate resolutions, prevent changes in management positions, and cover legal costs, potentially impacting the trust’s operations and governance.
More about Dasin Retail Trust
Average Trading Volume: 10,869
Technical Sentiment Signal: Sell
Current Market Cap: S$17.7M
See more data about CEDU stock on TipRanks’ Stock Analysis page.