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Dasin Retail Trust ( (SG:CEDU) ) has shared an announcement.
Dasin Retail Trust’s trustee-manager has received a formal letter of demand from Malayan Banking Berhad’s Singapore branch, acting as offshore facility and security agent, over unpaid obligations under a S$430 million offshore facility agreement and related security documents. The lender is seeking immediate repayment of principal totalling about US$129.9 million and S$234.1 million plus accrued interest of about US$36.6 million and S$52.1 million as at 31 December 2025, and has warned it may take protective legal or enforcement action against the trust manager if the outstanding sums are not fully paid within three business days, highlighting acute refinancing and liquidity pressure for the retail-focused trust and heightened risk for its creditors and unitholders.
More about Dasin Retail Trust
Dasin Retail Trust is a Singapore-listed business trust that invests in and manages retail property assets, with its trustee-manager Dasin Retail Trust Management Pte. Ltd. responsible for financing, operations and compliance with Singapore Exchange listing requirements.
Technical Sentiment Signal: Sell
Current Market Cap: S$16.09M
Learn more about CEDU stock on TipRanks’ Stock Analysis page.