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OUE Commercial Real Estate Investment Trust ( (SG:TS0U) ) has issued an update.
OUE REIT Management Pte. Ltd., manager of OUE Commercial REIT, reported an update on litigation involving independent director and Audit and Risk Committee chairman Mr Tan Huay Lim. The case stemmed from an Originating Claim filed in the Singapore High Court by Mr Zhang Zhencheng, a shareholder of Dasin Retail Trust Management Pte. Ltd. and substantial unitholder of Dasin Retail Trust.
The manager disclosed that Zhang has filed a Notice of Discontinuance to withdraw the Originating Claim, which the High Court accepted on 7 May 2026. With the discontinuance, the legal proceedings against Mr Tan and Dasin Retail Trust Management Pte. Ltd. have concluded, removing a potential overhang related to the director’s litigation status.
The most recent analyst rating on (SG:TS0U) stock is a Buy with a S$0.45 price target. To see the full list of analyst forecasts on OUE Commercial Real Estate Investment Trust stock, see the SG:TS0U Stock Forecast page.
More about OUE Commercial Real Estate Investment Trust
OUE Commercial Real Estate Investment Trust is a Singapore-listed real estate investment trust focused on owning and managing income-producing commercial properties. The trust is managed by OUE REIT Management Pte. Ltd., with DBS Trustee Limited acting as its trustee, and its units are traded on the Singapore Exchange.
Average Trading Volume: 2,754,362
Technical Sentiment Signal: Buy
Current Market Cap: S$1.99B
For detailed information about TS0U stock, go to TipRanks’ Stock Analysis page.