Dasin Retail Trust (SG:CEDU) has released an update.
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Dasin Retail Trust Management Pte. Ltd., the trustee-manager of Dasin Retail Trust, has discontinued its Order 32 Application with the Singapore High Court following the failure to pass resolutions at the recent EGM, rendering the application moot. The Board is divided, with Majority Directors considering the Minority Directors conflicted regarding the EGM requisition, leading to a lack of review from the Minority Directors before this announcement. The company’s internal conflict and legal proceedings may have implications for investors and the trust’s future operations.
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