In particular, MAS has directed the manager of EHT to obtain the approval of its trustee, DBS Trustee Limited, before making any payments or transfers of the REIT’s funds.
SINGAPORE (Apr 20): The Monetary Authority of Singapore (MAS) and Singapore Exchange Regulation (SGX RegCo) have stepped in to safeguard the interests of unitholders of Eagle Hospitality Trust (EHT).
In a joint statement today, MAS and SGX RegCo announced that they are looking into possible breaches of relevant laws and regulations as well as listing rules in relation to the issues surrounding EHT.
