Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Dasin Retail Trust ( (SG:CEDU) ) just unveiled an announcement.
Dasin Retail Trust, through its subsidiary Foshan Dasin Commercial Management Co., Ltd., manages the Shunde Metro Mall in China. Recently, it was discovered that rental income from the mall was diverted to a bank account not owned by the Trust’s Chinese subsidiary, without the consent of the Shunde Onshore Lenders. This diversion was facilitated by Foshan Shunde Commercial and its legal representative, Zhang Zhongming. The incident has raised concerns about compliance with the Loan Agreement, prompting the Shunde Onshore Lenders to notify the Trust’s finance personnel in China.
More about Dasin Retail Trust
YTD Price Performance: -26.67%
Average Trading Volume: 91,264
Technical Sentiment Consensus Rating: Buy
Current Market Cap: S$17.7M
For an in-depth examination of CEDU stock, go to TipRanks’ Stock Analysis page.