Howard Wu and Taylor Woods, otherwise known as Urban Commons, who between them own more than 13% of Eagle Hospitality Trust have requisitioned an extraordinary general meeting for two resolutions to be tabled. Resolution 1 is to issue US$50 million new units in EHT at US$0.075 per unit. Resolution 2 is to retain the current REIT manager. On Nov 30, the Monetary Authority of Singapore directed DBS Trustee to remove the manager, and look for a new manager.

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