Overview

Malayan Banking Berhad, Singapore Branch (“Maybank”), has initiated legal proceedings against Dasin Retail Trust Management Pte. Ltd. (“Dasin Retail Trust”) in the High Court of Singapore. The proceedings pertain to an application for judicial management (“JM Application”) under case HC/OA 68/2026, with multiple timelines and procedural directions issued by the court. The matter is being handled by Allen & Gledhill LLP, representing Maybank.

Key Points for Investors

• Judicial Management Application: Maybank is seeking judicial management over Dasin Retail Trust, a process that may significantly impact the company’s operations, management, and financial position.
• Court Timelines and Hearings:
  • The hearing for the interim JM application (“IJM Application”) is tentatively scheduled for 13 February 2026.
  • The main JM Application hearing is tentatively set for 9 March 2026.
• Obligations for Dasin Retail Trust:
  • The company must notify all directors and known creditors about the JM proceedings and provide them access to the relevant court documents.
  • The company must also comply with standard procedural requirements under the Insolvency, Restructuring & Dissolution Act 2018, which includes advertising the JM Application.
• Actions for Creditors and Stakeholders:
  • Creditors and other interested parties have been given specific deadlines to file affidavits in opposition or response to the JM Application and the Summons.
  • Creditors may appoint solicitors to represent them, but must notify the court by 29 January 2026.
• No Waiver of Rights: Maybank has expressly reserved all rights in the matter, signaling that they may pursue additional legal remedies or actions depending on how the proceedings unfold.

Potential Impact on Shareholders and Share Price

The commencement of judicial management proceedings is a highly significant and potentially price-sensitive event for Dasin Retail Trust. Judicial management is typically sought when a company is facing financial distress, and if granted, control of the company may be transferred to court-appointed judicial managers. This could lead to major changes in the company’s strategy, asset management, and disposition, and may affect the value of the trust’s units and distributions to shareholders.

Investors should monitor developments closely, as outcomes from these proceedings — including the appointment of judicial managers, restructuring proposals, or potential asset sales — could materially affect the trust’s future prospects and share price. Additionally, procedural deadlines and creditor involvement suggest active restructuring or insolvency risk, which is critical information for both current and prospective investors.

Next Steps and Timeline

• By 29 January 2026: Filing of notices of solicitor appointment or company officer representation; opposition affidavits to interim application.
• By 3 February 2026: Filing reply affidavits to opposition.
• By 6 February 2026: Written submissions and authorities due for interim application.
• 13 February 2026: Tentative hearing for the interim JM application.
• By 9 February 2026: Opposition affidavits for main JM Application due.
• By 23 February 2026: Reply affidavits for main JM Application due.
• By 2 March 2026: Written submissions and authorities for main application.
• 9 March 2026: Tentative hearing for main JM Application.

Shareholders are advised to stay updated, as any court orders or management changes resulting from these proceedings may be immediately price-sensitive and could have long-term implications for the trust’s business continuity and value.

Disclaimer

This article is for informational purposes only and does not constitute financial advice, investment recommendation, or legal opinion. Investors should seek independent professional advice before making any investment decisions related to Dasin Retail Trust or its securities. The situation described remains subject to ongoing legal proceedings, and outcomes may differ from those anticipated. The author and publisher accept no liability for any losses arising from reliance on the information contained herein.

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