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Dasin Retail Trust ( (SG:CEDU) ) has provided an announcement.
Dasin Retail Trust Management Pte. Ltd. has announced a six-month court-approved moratorium under section 64 of the Insolvency, Restructuring and Dissolution Act 2018. This moratorium restricts any winding-up resolutions or legal proceedings against the Trustee-Manager, ensuring stability while valuation reports for the malls held by the trust are prepared. This development is crucial for stakeholders as it provides a temporary shield from enforcement actions, allowing the Trustee-Manager to address its financial restructuring needs.
More about Dasin Retail Trust
Dasin Retail Trust is a business trust constituted under the laws of Singapore. It is managed by Dasin Retail Trust Management Pte. Ltd., focusing on managing retail property assets such as malls.
YTD Price Performance: -21.88%
Average Trading Volume: 95,066
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: S$19.31M
For an in-depth examination of CEDU stock, go to TipRanks’ Stock Analysis page.
