"Prejudicial" Interested-Person Transactions Found at Eagle Hospitality Trust

News about Eagle Hospitality Trust

The Business Times reports on findings from a review of Eagle Hospitality Trust situation:

Embattled Eagle Hospitality Trust (EHT) has uncovered fresh sets of interested-person transactions that the audit and risk committee has found not to be on usual commercial terms.

The inking of these transactions, which comprise agreements between two sponsor directors and master lessees involved in the trust’s hotel assets, is thus prejudicial to the interests of EHT and its minority stapled security holders, the managers disclosed in a filing late on Friday night.

The trust has also just released its Q1 2020 results.

Eagle Hospitality Trust
Price0.137 USD
NAV0.834 USD
Gearing37.3%