Defaults mount for Eagle Hospitality Trust
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Tay Peck Gek
Singapore
IT DOESN'T rain but pour for the beleaguered Eagle Hospitality Trust (EHT), as it announced more defaults and legal proceedings. It also updated that the total liabilities incurred by the master lessees in respect of its properties are US$50.7 million.
In a filing to the Singapore Exchange on Sunday night, the managers for EHT - comprising Eagle Hospitality Reit (EH Reit) and Eagle Hospitality Business Trust - made five announcements.
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