“The lender has informed the facility agent for the financing parties under the facility agreement that the approval process is in progress and the outcome is expected by end of September,” reads the statement put out by the REIT manager.
The manager of Dasin Retail announced, on Sept 19, that it has sought to extend its facility agreement up to Dec 31.
All financing parties, except one, have granted their approval of the extension. The last extension is pending from a lender, which lent some 17% of the loan.
