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Dasin Retail Trust receives letters of demand from members of trustee-manager on outstanding payments

Felicia Tan
Felicia Tan • 1 min read
Dasin Retail Trust receives letters of demand from members of trustee-manager on outstanding payments
The letters, dated Jan 24, were from the trustee-manager’s CEO, CFO, CIO and executive secretary. Photo: Dasin Retail Trust
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Dasin Retail Trust has received statutory demand letters from members of its trustee-manager seeking outstanding payments of $783,376.

The letters, dated Jan 24, were from the trustee-manager’s CEO Wang Qiu, chief financial officer (CFO) Ng Mun Fai, chief investment officer (CIO) Lu Zhiqi and executive secretary Liu Ting.

The amount requested includes the monthly salaries of the individuals above, payments made on behalf of the trustee-manager, and, or a loan that was extended to the trustee-manager.

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