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Company in the news

USP Group divests Joo Koon property for $5.3 mil to repay mortgage

USP Group is disposing off its subsidiary's HQ in Joo Koon for $5.3 million to repay its mortgage and defaults.
Urban Commons tries to win investors' trust after defaulting while SCCPRE awaits EGM vote on Dec 30 - THE EDGE SINGAPORE

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Urban Commons tries to win investors' trust after defaulting while SCCPRE awaits EGM vote on Dec 30

Urban Commons claims it has a better solution to reviving Eagle Hospitality Trust than SCCPRE. Can it win investors' trust?
More twists and turns at Eagle Hospitality Trust  - THE EDGE SINGAPORE

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More twists and turns at Eagle Hospitality Trust

In yet another twist in the Eagle Hospitality Trust saga, Urban Commons has put forward two resolutions to recapitalise the trust
Tussle for Eagle Hospitality Trust  - THE EDGE SINGAPORE

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Tussle for Eagle Hospitality Trust

Urban Commons, which owns the current manager of Eagle Hospitality Trust has filed an appeal to the Minister of Finance.

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More updates on Eagle Hospitality Trust

On Aug 14, Eagle Hospitality Trust’s manager and trustee said they discovered an unauthorised loan application dated May 18, 2020 made under the United States Paycheck Protection Program (PPP) administered by the United States Small Business Adminis

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Eagle Hospitality Trust update: Urban Commons and the audacity of hope

Urban Commons blames the Covid-19 outbreak for EHT’s various defaults.

Debt and defaults

No light at the end of the tunnel for Century Sunshine

No light at the end of the tunnel for Century Sunshine

Spackman surpasses breakeven point for 'Default', film grosses US$20 mil in box office revenue

SINGAPORE (Dec 10): Spackman Entertainment Group Limited says its new film, Default, has grossed US$20 million ($27.4 million) in box office revenue and crossed its break-even point of 2.6 million tickets within 12 days since its official release in South

Noble faces key deadlines as default threat looms

SINGAPORE (Dec 8): Noble Group Ltd., the embattled commodities trader, faces several significant deadlines as it wrestles with a US$3.5 billion debt restructuring.
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