Further to its statement, the trust added that New Harvest will be disputing the termination of the shareholders’ agreement by Zhang Zhengcheng.
The winding-up petition against Sino-Ocean Capital has been postponed to Aug 16 from June 7, says Dasin Retail Trust (SGX:CEDU
) in a June 5 statement. Sino-Ocean Capital is the sole shareholder of New Harvest, which holds 70% of the shares in Dasin Retail Trust’s trustee-manager.
In its previous statement on May 4, the trustee-manager of Dasin Retail Trust said that the winding-up petition is not likely to affect the trust negatively.
