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)

Singapore Exchange (SGX)-listed Dasin Retail Trust looks set for more turbulence ahead, now that a lawsuit has been launched by one of its major unitholders.

Dasin Retail Trust is a China-focused retail landlord with a portfolio of seven retail malls across the country.

Over the last several years, the REIT has been faced with a litany of operational and fiscal issues, including unpaid rents by anchor tenants and refinancing difficulties.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.