Directors of Eagle Hospitality Trust Arrested

News about Eagle Hospitality Trust

Eagle Hospitality Trust's saga continues as the The Straits Times reports on the arrest of its directors:

All six of Eagle Hospitality Trust's (EHT) former and current Singapore-based directors were arrested and released on bail on Oct 1 on "reasonable suspicion" over breaches of disclosure rules.

This follows from ongoing police investigations, first announced in June, over suspected breaches of disclosure requirements on Section 203 read with Section 331 of the Securities and Futures Act (Chapter 289) of Singapore, said the managers in a regulatory filing on Friday night (Oct 2).

Eagle Hospitality Trust
Price0.137 USD
NAV0.809 USD
Yield (4 quarters)20.64%
Gearing37.6%