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EHT dives 15.5% on Queen Mary lease worries

Some traders describe counter as oversold

QueenMary-EHT.jpg
EHT's sponsor has confirmed it is not in default on the lease and that the Queen Mary floating hotel is 'safe and structurally sound'.

Singapore

STAPLED securities of Eagle Hospitality Trust (EHT) sank on Friday, despite assurance from the property trust that its sponsor, Urban Commons (UC), is not at risk of losing its lease on a key asset in California.

The counter fell 15.5 per cent, or 10 US cents, to close at...

sentifi.com

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