Sias exploring possibility of unitholders represented in EHT bankruptcy case

Investor watchdog is looking at petitioning for appointment of an official committee

Vivienne Tay

Published Wed, Mar 3, 2021 · 05:50 AM

Singapore

THE Securities Investors Association (Singapore), or Sias, on Tuesday announced that it is exploring the possibility of having the unitholders of Eagle Hospitality Trust (EHT) represented in EHT's bankruptcy case by an official committee.

David Gerald, president and chief executive of Sias, said in the announcement that the first step towards petitioning for appointment of an official committee is for EHT unitholders to form an informal steering committee (ISC) comprising two to 10 unitholders, and ideally those who are "significant holders of EHT's equity".