Unlike Sabana Industrial REIT, the internalisation of DRT’s current trustee-manager may be an easier task than the Sabana internalisation. For one thing, the internalisation of a trustee-manager of a business trust has been done before in the case of Croesus Retail Trust.
A group of minority investors are seeking to take back control of the management of Dasin Retail Trust (SGX:CEDU
) (DRT) through the internalisation of DRT’s trustee-manager.
On Nov 23, 15 investors who claim to hold over 10% of the units in the trust are calling for an extraordinary general meeting (EGM) to do so. The investors have served a requisition notice to DRT’s board to demand that an EGM be convened to approve the internalisation.
