According to a press release dated Dec 17, a unit of Urban Commons which owned the manager of Eagle Hospitality Trust filed an Appeal to Singapore’s Finance Minister, Heng Swee Keat, on Dec 10, with regards to a directive issued by the Monetary Authority of Singapore (MAS). In the directive dated Nov 30, MAS had instructed the trustee of EHT to remove the REIT manager and appoint a new manager.

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