Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Dasin Retail Trust ( (SG:CEDU) ) has shared an announcement.
Dasin Retail Trust’s trustee-manager, Dasin Retail Trust Management Pte. Ltd., has received notice that Malayan Banking Berhad’s Singapore branch has applied to place the trustee-manager, both in its own capacity and as trustee-manager of the trust, under judicial management in the Singapore High Court, and intends to seek interim judicial management as well. The trustee-manager has indicated it will provide further updates via SGXNet on any material developments, signaling a period of legal and operational uncertainty for the trust and its stakeholders as the court considers Maybank’s applications.
More about Dasin Retail Trust
Dasin Retail Trust is a Singapore-listed business trust managed by Dasin Retail Trust Management Pte. Ltd., focusing on owning and operating retail property assets, with its trustee-manager responsible for managing the trust in the interests of unitholders and overseeing its commercial operations and financial obligations.
Technical Sentiment Signal: Sell
Current Market Cap: S$16.09M
Find detailed analytics on CEDU stock on TipRanks’ Stock Analysis page.