Eagle Hospitality Trust (EHT)

REITs

Eagle Hospitality Trust: Forensic investigation to unearth sponsor’s intentions amidst corporate governance failure

SINGAPORE (July 10): Increasingly, questions are arising from last May’s initial public offer (IPO) of Eagle Hospitality Trust (EHT).

REITs

Too complex for Singapore?

SINGAPORE (July 10): Eagle Hospitality Trust formed a series of subsidiaries to hold its 18 properties which are referred to as master lessors.

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Complicating matters further

SINGAPORE (July 10): Eagle Hospitality Trust’s manager has made several announcements this year on various agreements that its sponsor Urban Commons has defaulted on.

Company in the news

Eagle Hospitality Trust announces further defaults; total liabilities incurred by master lessees at $70.8 mil, instead of $62.3 mil as previously reported

SINGAPORE (June 22): The manager of Eagle Hospitality Trust (EHT) announced Sunday evening (June 21) that it has received additional notices of default by certain master lessees under the hotel man

Regulatory Action

Eagle Hospitality Trust to 'cooperate fully' with MAS, CAD investigations; MAS reviewing proposed change of manager

SINGAPORE (June 8): Eagle Hospitality Trust (EHT) has confirmed that its current directors of the manager have attended interviews with the Monetary Authority of Singapore (MAS) to assist in invest

Regulatory Action

MAS, CAD commence joint investigation into EHT's management

SINGAPORE (June 5): The Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) have launched a joint investigation into current and former directors, and officers respons

Company in the news

Hong Kong's Far East Consortium plans to take 70% stake in EHT's manager

SINGAPORE (June 3): A Hong Kong property company plans to take a 70% stake in the manager of Eagle Hospitality Trust.

Company in the news

Eagle Hospitality Trust to sacrifice distributions for the 'preservation and protection' of portfolio

SINGAPORE (May 27): Unitholders of beleaguered Eagle Hospitality Trust (EHT) will not receive any distributions for the period of May 24, 2019 to Dec 31, 2019 as the trust scrambles to utilise its

Company in the news

SGX RegCo pressing Eagle Hospitality Trust for restructuring updates

SINGAPORE (May 27): The SGX RegCo is pressing Eagle Hospitality Trust for updates from the special committee that was formed in April, to help in its restructuring and strategic business review aft

REITs

Eagle Hospitality Trust update: Beware over-valuation

SINGAPORE (May 26): In a report by the Orlando Weekly on May 25, which referred to Urban Commons problems, including its failure to pay cleaning bills of US$420,000, it emerges that its Ho

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