The resignations follow the discovery of interested party transactions that were inked by the duo on behalf of trust’s master-lessor subsidiaries. The transactions in question were uncovered during an ongoing strategic review of EHT’s business.
SINGAPORE (May 20): Eagle Hospitality Trust’s (EHT) non-executive chairman Howard Wu and deputy chairman Taylor Woods are set to resign from the Board of Directors, the REIT announced on Wednesday.
Both Wu and Woods, who also double-up as co-founders and principals of the REIT’s sponsor Urban Commons, are set to resign with effect from May 26.
