Dasin Retail Trust (“Dasin”) is in financial crisis. SGX has raised queries regarding its weak balance sheet with cash on hand and other short term assets being unable to fulfill its current liabilities. Apparently, a huge sum of loan financed by local and offshore bankers had expired and granted only a temporary extension till 19 December 2021. The local China banker lender had withdrawn itself for new facilities and this left the offshore bankers shell-shocked and being placed on guard that there may be fundamental weaknesses or other “surprises” waiting to spring on them in Dasin. Not surprisingly, Dasin’s unit prices has thus plummeted from S$0.785 per unit as of beginning of the year to the current S$0.415 per unit (as at 17 September 2021) which is a whopping 47% plunge in valuation.
 1.Quick financial recap for Dasin
As at 30 June 2021, Dasin’s net asset value is S$1.46 per unit....