not vested
Eagle Hospitality Trust-No-More.
Based on the latest announcements released on SGX, it turns out that investors (and analysts alike regrettably) have been kept in the dark about many, many things – both on the part of EHT’s management as well as the trustee.
Up to US$20 million in security deposits were never fulfilled by EHT’s sponsor – Urban Commons; EHT has not been receiving rents since January 2020; EHT’s manager had breached MAS’s requirements since December 2019.
Source: KGI