Appeal on removal of EH-Reit's manager not successful: MAS
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Singapore
THE Monetary Authority of Singapore (MAS) confirmed on Sunday that the appeal from the shareholder of Eagle Hospitality Reit's (EH-Reit) manager regarding the directive on its removal has not been accepted.
MAS's earlier direction to DBS Trustee on Nov 30 remains in effect and the trustee is required to comply with the direction, said an MAS spokesperson.
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