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Three independent directors resign from Eagle Hospitality Trust

Felicia Tan
Felicia Tan1/7/2021 04:47 PM GMT+08  • 2 min read
Three independent directors resign from Eagle Hospitality Trust
The three directors are Tarun Kataria, Lau Chun Wah @ Davy Lau and Tan Wee Peng Kelvin.
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Three independent directors have resigned from the board of Eagle Hospitality Trust, according to announcements put up by DBS Trustee on Jan 7.

The three directors are Tarun Kataria, Lau Chun Wah @ Davy Lau and Tan Wee Peng Kelvin, who were arrested previously and are currently released on bail.

On Oct 2, 2020, six of EHT’s former and current directors and officers were arrested on suspicion of a breach in disclosure requirements.


See: MAS and CAD arrest current and former directors and officers of EHT's managers

The other three arrested were Salvatore G. Takoushian, Carl Gabriel Florian Stubbe and Ng Kheng Choo.

Kataria, Lau and Tan are still currently sitting on the board of other companies including the manager of Mapletree Logistics Trust, Japan Home and IREIT Global Group.

All three cited their reasons for resigning as pursuing personal interests or commitments, or to “explore other opportunities”.

All three were also appointed to the board on April 16, 2019.

Kataria resigned on Dec 31, 2020, while Lau and Tan submitted their resignations on Jan 5 and 8 respectively.

See also: After Eagle Hospitality Trust’s investors reject proposed new manager, options are stark and Urban Commons tries to win investors' trust after defaulting while SCCPRE awaits EGM vote on Dec 30

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