Eagle Hospitality Trust drops independent director

Singapore

EAGLE Hospitality Trust (EHT) said one of its independent directors, Carl Gabriel Florian Stubbe, was not re-elected by the Reit managers' shareholder, Mandarin West Holdings.

Mr Stubbe, who had offered himself for re-election and was "willing and desired" to continue his role as independent director, "laments the decision" by Mandarin West. He "feels strongly" that this decision is "to the detriment" of stapled security holders, said the managers in a bourse filing on Sunday.