Eagle Hospitality Trust units hit fresh low as investors take flight
The counter falls by more than 11% to an intraday nadir of US$0.465 before closing at a fresh low of US$0.475, down 9.5%
Singapore
EAGLE Hospitality Trust (EHT) got its wings clipped again on Monday as new revelations about the Reit sponsor's past transactions with certain substantial shareholders and concerns over the value of EHT's second-largest asset, the Queen Mary, left investors nonplussed.
EHT units fell by more than 11 per cent to an intraday nadir of US$0.465 before closing at a fresh low of US$0.475, down 9.52 per cent, or five US cents, after some 21.8 million units changed hands.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Chevron's quarterly profit beats estimates
EU toughens rules on Chinese fashion retailer Shein
Keppel prices 70 million euros of floating-rate notes due 2031
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Shareholders raise questions over dividend payout, directors’ salaries at Best World AGM ahead of proposed privatisation
China’s Bank of Communications Q1 profit rises 1.44%