In their letter, the unitholders have requested for approval to be given to amend the deed of trust constituting DRT. The deed is dated Jan 15, 2016 and was amended by the first supplemental trust deed on Dec 27, 2016. The proposed amendments aim to enhance DRT’s governance and transparency by strengthening the oversight of unitholders and promoting accountability, stated the letter.
The trustee-manager of Dasin Retail Trust (SGX:CEDU
) (DRT), Dasin Retail Trust Management (DRTM), on Aug 3, has asked its minority investors to allow it to hold the extraordinary general meeting (EGM) requested by the latter. This is in response to a July 31 letter issued by a group of the trust’s minority investors.
The group first sent a letter to DRTM on June 13 requesting an EGM to vote on several resolutions. As at the date of the letter, the unitholders, Aqua Wealth Holdings, Feng Guomin, Michael Chui and Zhang Shenming, hold a total of 101.17 million units representing 12.57% of the voting rights in the REIT. Aqua Wealth Holdings’ and Feng Guomin’s units are held by DBS Nominees.
