Dasin Retail Trust to End Management Agreements for Shunde, Tanbei Metro Malls in China

MT Newswires10-16 07:44

Dasin Retail Trust (SGX:CEDU) will terminate the commercial and property management agreements for the Shunde Metro Mall and Tanbei Metro Mall in China, effective Oct. 31, according to a Tuesday filing on the Singapore Exchange.

The board decided without participation from minority directors Zhang Zhencheng and Zhang Zhongming due to conflicts of interest related to outstanding receivables from the properties.

The current managers, Foshan Shunde Dasin Metro-Mall Commercial Management and Zhongshan Yuanteng Commercial Property Management are affiliated with these directors.

Price (SGD): S$0.04, Change: S$-0.0010, Percent Change: -2.63%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2475610429?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-16 07:44","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2475610429","market":"sg","top_or_hot":-1,"title":"Dasin Retail Trust to End Management Agreements for Shunde, Tanbei Metro Malls in China","media":"MT Newswires","content":"<html><body><p> Dasin Retail Trust (SGX:CEDU) will terminate the commercial and property management agreements for the Shunde Metro Mall and Tanbei Metro Mall in China, effective Oct. 31, according to a Tuesday filing on the Singapore Exchange.</p><p>The board decided without participation from minority directors Zhang Zhencheng and Zhang Zhongming due to conflicts of interest related to outstanding receivables from the properties.</p><p>The current managers, Foshan Shunde Dasin Metro-Mall Commercial Management and Zhongshan Yuanteng Commercial Property Management are affiliated with these directors.</p><p>Price (SGD): S$0.04, Change: S$-0.0010, Percent Change: -2.63%</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dasin Retail Trust to End Management Agreements for Shunde, Tanbei Metro Malls in China</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDasin Retail Trust to End Management Agreements for Shunde, Tanbei Metro Malls in China\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-16 07:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Dasin Retail Trust (SGX:CEDU) will terminate the commercial and property management agreements for the Shunde Metro Mall and Tanbei Metro Mall in China, effective Oct. 31, according to a Tuesday ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6130","symbol_name":"综合零售","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2475610429","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2475610429","pubTimestamp":1729035889,"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1060499803","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Dasin Retail Trust  will terminate the commercial and property management agreements for the Shunde Metro Mall and Tanbei Metro Mall in China, effective Oct. 31, according to a Tuesday filing on the Singapore Exchange.The board decided without participation from minority directors Zhang Zhencheng and Zhang Zhongming due to conflicts of interest related to outstanding receivables from the properties.The current managers, Foshan Shunde Dasin Metro-Mall Commercial Management and Zhongshan Yuanteng Commercial Property Management are affiliated with these directors.Price : S$0.04, Change: S$-0.0010, Percent Change: -2.63%","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6130":"综合零售","BK6137":"零售房地产信托","CEDU.SI":"大信商用信托","BK6026":"百货商店","BK6512":"房地产股","BK6514":"零售商股","M01.SI":"美罗","BK6011":"零售业房地产投资信托"},"translate_title":"大信零售信托终止中国顺德、潭北地铁购物中心的管理协议","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"M01.SI":1,"CEDU.SI":0.9},"content_text":"Dasin Retail Trust (SGX:CEDU) will terminate the commercial and property management agreements for the Shunde Metro Mall and Tanbei Metro Mall in China, effective Oct. 31, according to a Tuesday filing on the Singapore Exchange.The board decided without participation from minority directors Zhang Zhencheng and Zhang Zhongming due to conflicts of interest related to outstanding receivables from the properties.The current managers, Foshan Shunde Dasin Metro-Mall Commercial Management and Zhongshan Yuanteng Commercial Property Management are affiliated with these directors.Price (SGD): S$0.04, Change: S$-0.0010, Percent Change: -2.63%","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.0","shortVersion":"4.29.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2475610429"}