EHT also clarified that the over US$6 million in net losses on operating costs and interest payments by UCQ refers to a net income statistic which takes into account all expenses of UCQ.
Singapore (Dec 9): Eagle Hospitality Trust (EHT) has released a statement today defending its property the Queen Mary, a cruise liner that was converted into a hotel. The statement, it added, is to provide context and clarification to an article published in the Long Beach Post last week.
In its update, EHT said the article had referenced sources made incorrect comparisons of “dissimilar terms” and "insinuates discrepancies thereby creating a significant misrepresentation".
