Dasin Retail Trust shortens hours, shuts businesses at China malls

These hours are further shortened from an earlier adjustment on Jan 24, when Dasin Retail Trust had reduced the business hours of the malls so that they open from 10am to 6pm.

It will also continue to maintain at least six hours of business hours per day at the properties, in line with the Chinese government's requirement. Moreover, pure turnover rent will be the hardest hit by the situation, but that only makes up 3 per cent of Dasin Retail Trust's gross rental income, the trustee-manager noted."In view of the relatively small proportion, the financial impact of this situation to Dasin Retail Trust, if any, will not be significant at this point in time," it added.

The trustee-manager said there have been preventive measures introduced at Dasin Retail Trust's malls in China. For instance, all staff and tenants entering and leaving the mall premises are required to wear masks. Door handles, elevator buttons, escalator handrails, atrium guardrails and public seats are also sanitised every two hours.

Source: News Formal (newsformal.com)

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