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Dasin Retail Trust Faces Ongoing Legal Challenges in China

Story Highlights
  • Dasin Retail Trust’s legal disputes in China have seen a recent lawsuit withdrawal.
  • New legal actions by a board member’s relative continue to challenge management changes.
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Dasin Retail Trust Faces Ongoing Legal Challenges in China

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Dasin Retail Trust ( (SG:CEDU) ) has issued an update.

Dasin Retail Trust, through its Trustee-Manager Dasin Retail Trust Management Pte. Ltd., has been involved in legal proceedings concerning its subsidiaries in the People’s Republic of China. The recent withdrawal of lawsuits by Mr. Zhang Zhongming, who challenged his removal as legal representative and executive director, has led to the cessation of court orders preventing changes in the subsidiaries’ management. However, new legal actions have been initiated by Zhang Jieyan, the niece of a conflicted board member, on similar grounds. The Trustee-Manager is actively seeking further details and will update stakeholders on any significant developments.

More about Dasin Retail Trust

Average Trading Volume: 15,262

Technical Sentiment Signal: Sell

Current Market Cap: S$16.89M

Learn more about CEDU stock on TipRanks’ Stock Analysis page.

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