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.