News

Markets & Investing

Staff Reporter

, Singapore

Published:

2 years ago

Dasin Retail Trust

Dasin Retail Trust receives EGM requisition notice from unitholders

The notice proposed two resolutions for the matter.

Dasin Retail Trust announced that its manager received a requisition notice for an extraordinary general meeting (EGM) from unitholders holding more than 10% of the total trust.

The manager said that it received an email from BTPLaw LLC on 19 January 2024 stating that BTPLaw LLC is acting on behalf of the unitholders.

The email also stated that the notice of the EGM was published on 19 January 2024 by Business Times and the EGM will be held on 19 February 2024 at 10:00 am.

BTPLaw also requested the manager to provide a register of unitholders within 48 hours before the EGM to verify its unitholders.

The notice proposed two resolutions suggesting the removal of the manager or internalising the function of the manager.

The manager is currently seeking legal advice regarding the requisition notice and will announce developments in compliance with its obligations under the Listing Manual.

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