On Dec 23, EHT informed SGX that the managers and REIT trustee understand that the appeal by Mandarin West Holdings against the direction of the Monetary Authority of Singapore (MAS) has not been accepted by the central bank.
Urban Commons, the Los Angeles-based sponsor of Eagle Hospitality Trust (EHT) is seeking the trust to reconsider its decision to deny unitholders the request to hold another extraordinary general meeting (EGM).
The meeting would have allowed unitholders to vote on a rights issue and proposal to retain or reappoint the current manager of Eagle Hospitality REIT (EH-REIT).
