Dasin Retail Trust (SG:CEDU) has released an update.
Dasin Retail Trust Management Pte. Ltd., overseeing Dasin Retail Trust, has received formal notices concerning its outstanding debts under a sizeable offshore syndicated term loan. The notices include the Security Agent’s intent to take possession of properties mortgaged by a substantial shareholder in connection with the debt. The Trustee-Manager is actively pursuing restructuring options with lenders and promises to update stakeholders as significant developments occur.
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