SGX suspends Dasin Retail Trust trading

The company has stopped providing key financial documents.

Trading in the units of Dasin Retail Trust has been suspended on the Singapore Exchange after it failed to release financial results and hold annual general meetings in a timely manner.

Under the rules, an issuer is required to announce its full-year and quarterly financial results as soon as the data is ready.

However, since the third quarter of 2023, the company has stopped providing key financial documents, such as accounting schedules, balances, and transactions with related parties.

“The personnel in charge of the rent-rolls of the retail malls of the trust has refused to provide such information for the purpose of conducting the valuation of the investment properties,” said the trustee-manager.

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