Eagle Hospitality slides further despite action by stabilising agent

Singapore

STAPLED securities of Eagle Hospitality Trust (EHT) continued to decline on Monday, paring three US cents or 4.1 per cent to finish at US$0.70.

The counter had already shed 6.4 per cent from its initial public offering (IPO) price of US$0.78 to close at US$0.73 on its mainboard debut last Friday, on heavy volume of 23.1 million shares.