MAS: Eagle Hospitality Must Change Manager

News about Eagle Hospitality Trust

A Notice of Intention (NOI) to remove the manager of Eagle Hospitality Trust was issued by the Monetary Authority of Singapore (MAS) today.

MAS has serious concerns about the EH-REIT Mgt's ability and commitment to comply with MAS' rules and regulations. MAS therefore deems it necessary to direct DBS Trustee Limited to remove EH-REIT Mgt from managing EH-REIT and appoint a new manager.

MAS will announce its final decision after reviewing any written submissions from DBS Trustee Limited and EH-REIT Mgt, which will be given 10 business days to respond upon receipt of the NOI.

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