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EH-Reit to 'assess implications' of MAS notice
Published Tue, Oct 27, 2020 · 09:50 PM
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Singapore
THE manager of Eagle Hospitality Reit (EH-Reit) said that it is working with professional advisers to "assess the implications" of the Notice of Intention (NOI) it received from the Monetary Authority of Singapore (MAS).
The MAS on Monday issued the NOI to the trustee of EH-Reit to remove its manager and appoint a new one. The notice comes following numerous breaches of the Securities and Futures Act (SFA) by EH-Reit Management, and serious co…
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