Photo from Freepik

Dasin Retail Trust ends management deals for Shunde, Tanbei metro malls 

Its minority directors did not participate in the voting for the termination.

Dasin Retail Trust (DRT) has ended its commercial and property management agreements for Shunde Metro Mall and Tanbei Metro Mall.

DRT entered these agreements on 31 October 2022 with Foshan Shunde Dasin Metro-Mall Commercial Management Co., Ltd and Zhongshan Yuanteng Commercial Property Management Co., Ltd, with an expiration date of 31 October 2024.

In a bourse filing, DRT said minority directors Zhang Zhencheng and Zhang Zhongming did not participate in the voting for the termination.

DRT said its board considers the minority directors conflicted due to the significant outstanding receivables related to the properties, including those from their associates.

Additionally, the incumbent managers of the properties are associates of the minority directors.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Lorem Ipsum Singapore Business Review
The text to display in the title bar of a visitor's web browser when they view this page. This meta tag may also be used as the title of the page when a visitor bookmarks or favorites this page, or as the page title in a search engine result. It is common to append 'Singapore Business Review' to the end of this, so the site's name is automatically added. It is recommended that the title is no greater than 55 - 65 characters long, including spaces.The text to display in the title bar of a visitor's web browser when they view this page. This meta tag may also be used as the title of the page when a visitor bookmarks or favorites this page, or as the page title in a search engine result. It is common to append 'Singapore Business Review' to the end of this, so the site's name is automatically added. It is recommended that the title is no greater than 55 - 65 characters long, including spaces.
Lorem Ipsum 2
Contrary to popular belief, Lorem Ipsum is not simply random text.