In a follow-up letter from the minority investors, who are said to collectively hold over 10% of the units in the trust, they said that they are “confident” that the interests of the internal trustee-manager, which will be controlled by the trust, will be fully aligned with all the unitholders’ interests.
A lender of Dasin Retail Trust (SGX:CEDU
) has “expressed concern” that the trust’s restructuring may be delayed during the requisition to internalise the trust’s manager, according to the trust’s filing on Dec 4.
A group of minority investors who are seeking to take back control of the management of the trust through the internalisation of the manager, had called for an extraordinary general meeting (EGM) on Nov 23.
