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Dasin Retail Trust Faces Unauthorized Leasing Issue in China

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Dasin Retail Trust Faces Unauthorized Leasing Issue in China

Confident Investing Starts Here:

An update from Dasin Retail Trust ( (SG:CEDU) ) is now available.

Dasin Retail Trust has encountered a significant issue with its PRC subsidiaries, where unauthorized master lease agreements were made for five retail malls with unknown parties, leading to a drastic income drop. The Board is investigating this breach of internal controls, which involves the legal representative Zhang Zhongming, and is seeking legal advice to address the situation.

More about Dasin Retail Trust

Dasin Retail Trust is a business trust established under the laws of Singapore, focusing on retail properties in the People’s Republic of China. The trust manages several retail malls, providing leasing services primarily in the Chinese market.

Average Trading Volume: 14,093

Technical Sentiment Signal: Hold

Current Market Cap: S$21.72M

For detailed information about CEDU stock, go to TipRanks’ Stock Analysis page.

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