Dasin Retail Trust Management Pte. Ltd. – Appointment of Interim Judicial Manager

Key Highlights for Investors

• Judicial Management Proceedings: Dasin Retail Trust Management Pte. Ltd. (“DRTM”) has been placed under interim judicial management, following applications by Malayan Banking Berhad, Singapore Branch. This is a significant development in the restructuring and governance of the business trust.
• Appointment of Interim Judicial Manager: The High Court of Singapore has appointed Mr. Tan Jun Zhang, Solomon (from Argile Partners Pte. Ltd.) as the Interim Judicial Manager. This appointment took place on 10 February 2026.
• Further Announcements Expected: The Trustee-Manager has committed to providing updates as and when material developments arise regarding the interim judicial management process.

Details and Implications for Shareholders

Background: DRTM, the Trustee-Manager of Dasin Retail Trust (a business trust constituted under Singapore law), has recently undergone a critical legal process involving judicial management. This follows a series of announcements earlier in January and February 2026, indicating a heightened risk and uncertainty around the Trust’s operations and financial stability.

Judicial Management Orders: The High Court’s decision to appoint an Interim Judicial Manager is a substantial step, suggesting that Dasin Retail Trust is facing significant challenges. Judicial management is typically sought when a company is unable to pay its debts or faces insolvency risks. The court’s intervention aims to protect the interests of creditors and stakeholders, including unit holders.

Who is the Interim Judicial Manager? Mr. Tan Jun Zhang, Solomon, from Argile Partners Pte. Ltd., will now oversee the operations and affairs of DRTM. His role is to stabilize the trust, assess its financial position, and potentially restructure or safeguard assets for stakeholders.

Potential Impact on Shareholders:

• The appointment of an Interim Judicial Manager is a material event that can have a direct impact on unit holder value and share price. It signals distress and uncertainty, and the outcome of judicial management can include restructuring, asset sales, or other measures that might affect distributions and valuations.
• Shareholders should be aware that the current management is suspended, and the Interim Judicial Manager has broad powers to manage the trust’s affairs. This could lead to changes in business strategy, asset management, or even liquidation if deemed necessary.
• There is no immediate clarity on the long-term outcome, but further announcements will be made as material developments occur. The situation remains fluid and could be price-sensitive.

Ongoing Communication: DRTM has committed to providing timely updates. Investors should monitor official channels closely for further statements and developments that could materially affect their holdings.

Conclusion

The appointment of an Interim Judicial Manager for Dasin Retail Trust Management Pte. Ltd. marks a critical juncture for the trust. Shareholders and investors are advised to exercise caution, as this event is likely to be price-sensitive and could impact future distributions, asset values, and the overall outlook for the trust. The situation is evolving, and further updates are expected.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult with professional advisors before making any investment decisions. The information provided is based on official announcements and may be subject to change as further developments arise.

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