Dasin Retail Trust Engages in Legal Proceedings with Aqua Wealth Holdings
Dasin Retail Trust has initiated legal proceedings against Aqua Wealth Holdings, addressing issues related to the removal of its trustee-manager and an interim arbitral award against Aqua Wealth. The trust's management highlighted the complexities arising from significant unit disposals by CGS-CIMB Securities, which may affect operations and stakeholder interests. Dasin Retail Trust, focused on retail property management, is managed by Dasin Retail Trust Management Pte. Ltd.
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Dasin Retail Trust ( (SG:CEDU) ) just unveiled an update.
Dasin Retail Trust Management Pte. Ltd. has issued a letter to Aqua Wealth Holdings Limited concerning various legal and financial proceedings. These proceedings include past announcements regarding the removal of Dasin Retail Trust Management as the trustee-manager, an interim arbitral award against Zhang Zhencheng and Aqua Wealth Holdings, and recent changes in substantial unitholder interests. The letter addresses the circumstances surrounding the disposal of a significant number of units in Dasin Retail Trust by CGS-CIMB Securities Singapore, highlighting ongoing legal and financial complexities that could impact the trust’s operations and stakeholder interests.
More about Dasin Retail Trust
Dasin Retail Trust is a business trust established under the laws of Singapore. It operates in the retail sector, focusing on managing retail properties and investments. The trust is managed by Dasin Retail Trust Management Pte. Ltd., which acts as the trustee-manager.
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