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Dasin Retail Trust ( (SG:CEDU) ) has issued an update.
Dasin Retail Trust has disclosed that four of its Singapore-incorporated subsidiaries—Singapore Jiaxin Commercial Holdings, Jia Xin Holdings, Jia Xin Investments and Jia Xin Management—have received court summonses over alleged breaches of the Companies Act related to corporate governance and filing obligations. The summonses cite failures to hold annual general meetings within six months of the financial years ended 31 December 2022 and 31 December 2023, and failures to lodge annual returns with the Registrar of Companies within seven months of those year-ends; the subsidiaries will seek legal advice, and the trustee-manager has pledged to update investors on any material developments, highlighting potential compliance and regulatory risks around the trust’s corporate administration practices.
More about Dasin Retail Trust
Dasin Retail Trust is a Singapore-based business trust focused on owning and managing retail property assets, with its trustee-manager, Dasin Retail Trust Management Pte. Ltd., overseeing various Singapore-incorporated subsidiaries involved in commercial and investment holding activities within the retail real estate sector.
Technical Sentiment Signal: Sell
Current Market Cap: S$16.09M
For a thorough assessment of CEDU stock, go to TipRanks’ Stock Analysis page.