Dasin Retail Trust Faces Judicial Management Application: Key Updates for Investors

Date: 22 January 2026

Key Points from the Board Announcement

• Dasin Retail Trust Management Pte. Ltd. (“DRTM”), the trustee-manager of Dasin Retail Trust (“DRT”), has received further correspondence regarding a judicial management application filed by Malayan Banking Berhad, Singapore Branch (“Maybank”).
• Maybank has applied to place DRTM (both in its own capacity and as trustee-manager of DRT) under judicial management.
• Following earlier announcements on 16 and 20 January 2026, DRTM has now received letters dated 21 and 22 January 2026 from Maybank’s legal advisers, which include directions from the Court and a sealed copy of the Summons dated 16 January 2026 for the appointment of an interim judicial manager.
• DRTM has enclosed copies of these letters for shareholder information.
• The Trustee-Manager has committed to make further announcements via SGXNet should there be any material developments that require disclosure, as per their obligations under the SGX Listing Manual.

Important Information for Shareholders

• Judicial Management Risks: The application for judicial management is a significant legal and financial development. If the Court orders DRTM and DRT into judicial management, this could dramatically impact the Trust’s operations, asset management, and strategic direction.
• Potential Price Sensitivity: The news of a major creditor (Maybank) seeking judicial management may signal financial distress or operational challenges. This could influence investor confidence and affect the market value of Dasin Retail Trust units.
• Ongoing Legal Proceedings: The fact that the Court is considering the appointment of an interim judicial manager suggests that there may be urgent issues at hand. Investors should monitor further disclosures for information on the Trust’s solvency, management changes, or restructuring plans.
• Compliance and Disclosure: The Trustee-Manager is required to keep shareholders informed of all material developments. Investors should expect timely updates through SGXNet, especially if the judicial management application progresses or if the Court issues any rulings that affect the Trust.

What Investors Should Watch For

• Outcomes of the judicial management application and any interim management appointments.
• Subsequent announcements from the Trustee-Manager regarding material developments or strategic changes.
• Potential impact on distributions, asset values, and the Trust’s ability to meet its financial obligations.
• Any signals from the Board regarding restructuring, refinancing, or sale of assets to resolve issues raised by Maybank’s application.

Conclusion

This development is highly material and may significantly affect Dasin Retail Trust’s future operations and share price. Investors are strongly advised to monitor SGXNet and other official communications from the Trustee-Manager for further updates. The judicial management process, if initiated, could lead to changes in management, strategy, and financial structure, all of which have direct implications for unit holders.

Disclaimer: This article is provided for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any securities. Investors should conduct their own due diligence and consult with professional advisors before making investment decisions. The situation described above is subject to change based on ongoing legal proceedings and regulatory disclosures.

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