This comes after the REIT managers revealed it is identifying assets to dispose in a bid to bolster EHT’s cash position. The managers say this is part of its portfolio reconstitution plan.
SINGAPORE (Mar 19): Units in Eagle Hospitality Trust (EHT) plunged 36.3% in early morning trading on Thursday, after the manager announced in a filing at 12.25am that it is preparing to launch several initiatives to “unlock value and create liquidity”.
As at 10.47am, the counter dived 7.8 US cents to yet another record low of 13.7 US cents, before the managers called for a trading halt.
