SGX RegCo queries EHT on restructuring process and progress of strategic review

Singapore

THE Singapore Exchange Regulation (SGX RegCo) on Wednesday night asked Eagle Hospitality Trust (EHT) for updates and to justify the actions that its Special Committee has taken in relation to the restructuring and the strategic review of the business.

EHT is expected to provide an outline of proposals that have been made known to the Special Committee, as well as disclose the conflicts of interest (if any) that arose during the proposal management process; and if there were conflicts, EHT is also to explain how these were managed. EHT also has to disclose the proposals (if any) that contemplated a change in control of the Reit manager.