Trustee-manager of Dasin Retail Trust hit with winding up petition from ex-CEO

The trustee-manager has received two winding-up petitions.

Wang Qiu has filed a winding-up application against Dasin Retail Trust Management (DRTM), where she used to serve as CEO.

Qiu was removed from her post as CEO of DRTM on 17 February.

In a bourse filing, DRTM said the hearing for Qiu’s winding application and the petition earlier filed by Zhang Guiming will be on 15 March at 10 a.m.

The trustee-manager also intends to dispute Qiu’s claims and “take steps to stay the winding-up application pending the resolution of the dispute.”

In the meantime, Dasin Retail’s board advised unitholders and potential investors to exercise caution when dealing with the units of the trust.

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