On 1st March 2023, Dasin Retail Trust ("DRT") has indirectly admitted that it is on the verge of financial collapse. It just could not release its full year financial results for FY2022 by March 2023 and has requested an extension from the Singapore Stock Exchange. The main stumbling block for accounting is that the DRT management does not know whether to release the financial statements on a going concern or non-going concern basis while pending further "extension negotitation" from all its bankers with regard to its debt restructuring plan by 30 April 2023. Yes, DRT has been asking for extension from its bankers again and again but to no avail...seems more like buying time before their eventual dismal. Luso International Banking Limited has already fired the first salvo of shots and issue their letter of demand to DRT for default of bank loan. Till now, we have not seen any concrete plan from its White Knights...