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EHT dives 15.5% on Queen Mary lease worries
Some traders describe counter as oversold
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Published Fri, Oct 25, 2019 · 09:50 PM
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 54.5 cents. It was one of the most actively traded, with 32.8 million stapled securities changing hands.
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