Dasin Retail Trust (SG:CEDU) has released an update.
Dasin Retail Trust Management Pte. Ltd. has initiated legal action against its former CEO, Wang Qiu, contesting her claim for S$449,600 and asserting its own claims. A case conference is scheduled for 24 April 2024. Following a mutual agreement, the High Court has stayed Wang Qiu’s winding-up application against the Trustee-Manager pending the outcome of the dispute, with the initial hearing date now vacated.
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