Dasin Retail Trust (SG:CEDU) has released an update.
Dasin Retail Trust has received a demand notice for full payment of outstanding sums on a significant offshore loan, with the lender, Malayan Banking Berhad, threatening to exercise rights over properties pledged by a key shareholder if payment is not made within 14 days. The Trustee-Manager is actively seeking a restructuring solution with lenders to address the financial obligations of the trust. Further updates will be disclosed in compliance with the SGXNET listing obligations.
For further insights into SG:CEDU stock, check out TipRanks’ Stock Analysis page.
