Dasin Retail Trust mulls disposal of retail malls as part of debt restructuring

In FY22, the trust’s net loss widened to $221.5m.

Dasin Retail Trust is considering disposing of retail malls within a 24-month timeframe as part of its debt restructuring, its trustee-manager revealed.

In a bourse filing, the  trustee-manager said Dasin Retail Trust plans to engage CBRE and JLL to dispose of these malls in an “orderly and structured manner.”

Another option which the trust is considering is to engage FTI Consulting and JLL to “search for other potential strategic investors.”

In the meantime, Dasin Retail Trust’s board advised its unitholders and potential investors to exercise caution when dealing in the units of the trust.

In FY22, Dasin Retail Trust’s net loss widened to $221.5m. The net loss translates to a loss per unit of $0.2730.