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Eagle Hospitality Trust posts US$8.9m Q1 loss

Tay Peck Gek
Published Sun, May 17, 2020 · 09:50 PM

Singapore

BELEAGUERED Eagle Hospitality Trust (EHT) has posted a loss of US$8.9 million for the first quarter to March, mainly due to the impairment loss on trade receivables arising from the uncertainty on the master lessees' ability to make rental payments and fulfil its obligations.

Therefore, there is no income available for distribution for uni…

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