Dasin Retail Trust manager hit with $214,000 consultancy fee demand

In 2023, the manager also received a letter for $856,000 in alleged outstanding.

Dasin Retail Trust Management received a letter of demand from GSUM-Titanland Capital on 3 July for $214,000 over an alleged consultancy agreement outstanding.

The agreement refers to GSUM’s appointment as DTRM’s financial advisor for the restructuring of Dasin’s syndicated loans of $910,000 (RMB4.5m).

The trustee-manager received a letter of demand on 10 July 2023 for $856,000 in alleged outstandings under a financial consultancy agreement with GSUM from 19 March 2022.

DTRM sought legal advice on the matter and advises unitholders and potential investors to exercise caution when dealing in Dasin units and to consult their professional advisers if in doubt.