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Dasin Retail Trust ( (SG:CEDU) ) has provided an announcement.
Dasin Retail Trust has announced that legal proceedings initiated in the PRC by Ms. Zhang Jieyan, the niece of director Zhang Zhencheng, against two of its PRC subsidiaries, their Singapore holding companies and the trustee-manager have been withdrawn, with the Hengqin Guangdong-Macao In-Depth Cooperation Zone Court lifting the associated injunctions. The board, excluding Zhang Zhencheng due to a declared conflict of interest, highlighted that the withdrawal removes a layer of legal uncertainty over the affected entities, potentially easing operational constraints on the trust’s PRC retail assets, though it signalled that further disclosures may follow if there are material developments.
More about Dasin Retail Trust
Dasin Retail Trust is a Singapore-listed business trust that invests in and manages retail properties in the People’s Republic of China (PRC). Its portfolio is held through PRC subsidiaries and Singapore holding companies, with the trust focused on operating and developing shopping malls and related commercial assets serving Chinese consumer markets.
Technical Sentiment Signal: Sell
Current Market Cap: S$16.09M
For a thorough assessment of CEDU stock, go to TipRanks’ Stock Analysis page.