Hi Folks, for those who are trading in Dasin Retail Trust ("DRT"), please be very careful. SGX Regulators have put up a notice that they have observed an individual investor who have pushed up DRT unit price by 46% during an intra-day low of S$0.063 per unit to S$0.092 per unit on 16th August 2023. There were various instances of possible price manipulation over the past month to maintain its price despite the bank loans default notice served by the bankers of DRT.
SGX regulators have referred the matter to the relevant authorities for their necessary action. Do tread with caution for those who are bargain hunting in DRT. Price may crash or trading may get suspended in the worst case scenario for DRT unit-holders. Take care and have a great week ahead!
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