Eagle Hospitality Trust rejects sponsor's allegations of breaches
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Janice Heng
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Singapore
EAGLE Hospitality Trust (EHT) has rejected allegations by its sponsor, Urban Commons (UC), that EHT's subsidiaries are in breach of agreements in which UC entities are master lessees.
In a Singapore Exchange filing on Thursday, the Reit's managers called the allegations baseless, and said that the master lessors - EHT subsidiaries - have issued a response letter on Aug 25, refuting and/or rejecting all the allegations.
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