Dasin Retail Trust suspends trading amid financial reporting challenges

Dasin Retail Trust has suspended trading on the Singapore Exchange due to its inability to comply with listing rules regarding timely financial reporting and annual general meetings. The trust has not published audited financial statements since 2021 and faces significant risks related to its assets, including suspicious fund transfers and unauthorized agreements. A moratorium that protected the trust has expired, complicating its financial situation further. The trustee-manager indicated that unitholders may lack sufficient information to assess the trust's financial position for trading purposes.