DASIN RETAIL TRUST MANAGEMENT PTE. LTD.

Q: Which legislation does [2025] SGHC 6 consider?

The judgment refers to Arbitration Act (Cap 10), Companies Act (Cap 50), Finance Companies Act (Cap 50), and Insolvency, Restructuring and Dissolution Act, among other provisions. The statutes cited are listed in full on this page, each linking to its primary text.

[2025] SGHC 6 High Court (General Division) 13 January 2025 HC/OA 1257/2024 46 min read

10 cases cited (8 SG, 2 foreign) Cited by 1 case

Key facts

Court	High Court (General Division)
Decided	13 January 2025
Judge	Kristy Tan
Charges / claim	Companies
Counsel	Allen & Gledhill LLP, LVM Law Chambers LLC, Rajah & Tann Singapore LLP, Rev Law LLC, Sim Chong LLC, Tan Kok Quan Partnership, Alicia Tan, Chan Chee Yin Andrew, Chew Xiang, Choong Jia Shun, Chua Sui Tong, Clara Tay Ying Sui, Izzat Rashad Bin Rosazizi, Kenneth Wang Ye, Lee Lyi Shyuenn, Lee Sien Liang Joseph, Ling Ying Hong Samuel, Lu Yanrong Elycia, Ooi Huey Hien, Priscilla Soh, Siew Guo Wei, Sim Chong, Tay Yu Xi

Source: [2025] SGHC 6, High Court (General Division), decided 13 January 2025 — eLitigation. Updated 3 July 2026.

Catchwords

Companies — Schemes of arrangement — Trustee-manager of business trust seeking moratorium for intended scheme of arrangement — Whether trustee-manager may propose scheme of arrangement in respect of debts incurred in capacity as trustee-manager — Whether requirements for grant of moratorium satisfied — Terms of moratorium order — Section 64 Insolvency, Restructuring and Dissolution Act 2018 (2020 Rev Ed)

Practice Areas

Companies

Judges (1)

Kristy Tan Delivered

Counsel (23)

Parties (11)

Aqua Wealth Holdings Limited Third Party Bounty Way Investments Limited Third Party Dasin Retail Trust Management Pte Ltd Applicant Malayan Banking Berhad, Singapore Branch Third Party New Harvest Investments Limited Third Party Cao Yong Third Party Sun Shu Third Party Wang Qiu Third Party Zhang Guiming Third Party Zhang Jieyan Third Party Zhang Zhencheng Third Party

Case Significance

[2025] SGHC 6 is a High Court (General Division) decision dated 13 January 2025 concerning Companies, specifically addressing schemes of arrangement. The judgment was delivered by Kristy Tan. Legal representation was provided by Rajah & Tann Singapore LLP. The judgment cites 10 cases (8 Singapore, 2 foreign) and references 7 statutory provisions, including the Arbitration Act, the Companies Act, and the Finance Companies Act. This decision has been cited by 1 subsequent judgment in the dataset.

[2025] SGHC 6 explained

DASIN RETAIL TRUST MANAGEMENT PTE. LTD. ([2025] SGHC 6) is a Singapore judgment decided by the High Court (General Division) on 13 January 2025. It is categorised under Companies. Within this corpus it has since been cited by 1 other reported Singapore judgment, a measure of how often later decisions have referred to it. This page summarises what the reported decision covers and links the primary sources — the full judgment, the statutes it cites, and the other cases it engages with — so the decision can be read in context. It is reference information, not legal advice, and it does not state the outcome or any holding beyond what the official judgment records.

What is [2025] SGHC 6 about?

DASIN RETAIL TRUST MANAGEMENT PTE. LTD. ([2025] SGHC 6) is a High Court (General Division) decision from 2025. Its published catchwords are “Companies — Schemes of arrangement — Trustee-manager of business trust seeking moratorium for intended scheme of arrangement — Whether trustee-manager may propose scheme of arrangement in respect of debts incurred in capacity as trustee-manager — Whether requirements for grant of moratorium satisfied — Terms of moratorium order — Section 64 Insolvency, Restructuring and Dissolution Act 2018 (2020 Rev Ed)”, which indicate the subject matter the judgment addresses. The full reasoning and orders are in the judgment itself, linked below.

Which legislation does [2025] SGHC 6 consider?

The judgment refers to Arbitration Act (Cap 10), Companies Act (Cap 50), Finance Companies Act (Cap 50), and Insolvency, Restructuring and Dissolution Act, among other provisions. The statutes cited are listed in full on this page, each linking to its primary text.

What earlier Singapore cases does [2025] SGHC 6 cite?

Among the in-corpus authorities it refers to are [2024] SGHC 156. The complete list of cases cited, and of later cases that cite this decision, is shown on this page.

How influential is [2025] SGHC 6?

Within this corpus, [2025] SGHC 6 has been cited by 1 later reported Singapore judgment. That count reflects references from other decisions held in this corpus only and is a conservative lower bound on how often the case has actually been cited.

Summary

Dasin Retail Trust Management, the trustee-manager of a SGX-listed business trust owning retail malls in China, applied for a moratorium under s 64 of the IRDA to restructure approximately $370 million in liabilities from syndicated loan facilities that matured in 2022. The court granted a four-month moratorium but declined to make an omnibus extraterritorial order, requiring DRTM to make additional disclosures about its financial position and restructuring proposal to creditors.

What was decided in [2025] SGHC 6?

[2025] SGHC 6 (DASIN RETAIL TRUST MANAGEMENT PTE. LTD.) is a High Court (General Division) decision from 13 January 2025 addressing Companies, specifically schemes of arrangement. The judgment was delivered by Kristy Tan.

Which judge decided [2025] SGHC 6?

[2025] SGHC 6 was delivered by Kristy Tan in the High Court (General Division) on 13 January 2025. The case concerned Companies.

What cases and statutes does [2025] SGHC 6 cite?

[2025] SGHC 6 cites 10 prior decisions, including 2 from foreign jurisdictions. It references Arbitration Act, Companies Act, Finance Companies Act. The decision has itself been cited by 1 subsequent judgment.