Dasin Retail Trust's Shiqi Metro Mall, which is expected to be inducted by mid-2017. (Photo: Dasin Retail Trust)Dasin Retail Trust's Shiqi Metro Mall, which was inducted in mid-2017. (Photo: Dasin Retail Trust)

Dasin Retail Trust announced on 9 January that it has appointed FTI Consulting (Singapore) as its advisor.

The company has been appointed to conduct an independent business review of the Dasin Retail Trust and its subsidiaries, it added.

The primary purpose of the business is to assess and validate the financial position of Dasin Retail Trust.

The findings of the review will be used as a basis to progress loan extension discussions with the lenders of its various offshore facilities, the trust clarified.

“In the meantime, the board wishes to advise unitholders and potential investors to exercise caution when dealing in the units of the trust”, it said.

“In the event of any doubt, they should consult their stockbrokers, bank managers, solicitors, accountants or other professional advisers”, it added.

Dasin Retail Trust was last done on the SGX at SGD0.26.

Related: Dasin Retail Trust surges 5% on another loan extension

By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.