Dasin Retail Trust Faces Regulatory Setbacks in China

Dasin Retail Trust (SG:CEDU) has released an update.

Dasin Retail Trust Management Pte. Ltd. has faced a series of regulatory challenges with its China subsidiaries, resulting in the Zhuhai City Market Supervisory Authority’s decision to revoke the registration of a change in legal representation. The revocation follows undisclosed control issues over company seals and operating licenses, and a withdrawn request for a hearing by the acting CEO, Mr. Wang Peng. These developments raise concerns over the trust’s compliance with Chinese law and its operational oversight.

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