Eagle Hospitality Trust (EHT)

IPO

Eagle Hospitality Trust public offering re-allocated due to under-subscription

SINGAPORE (May 24): The managers of Eagle Hospitality Trust (EHT) have re-allocated 1.28 million stapled securities from the public offer to the placement tranche due to under-subscription in public tranche of the offering.

Global Markets

Trade war tensions continue to rise, earnings season brings mixed results

SINGAPORE (May 20): Tensions between Washington and Beijing continue to rise as US President Donald Trump shows no inclination to de-escalate the country’s trade war with China. Trump believes his clash with Chinese President Xi Jinping is boosting his

IPO

Eagle Hospitality Trust registers prospectus with MAS; to raise $620 mil from IPO

SINGAPORE (May 16): The trustee-managers of Eagle Hospitality Trust (EHT) have registered its prospectus with the Monetary Authority of Singapore in connection with the offering of 580.6 million stapled securities at the issue price of US$0.78 per stapled

In print this week

Why Singapore is a magnet for REIT listings

SINGAPORE (May 3): Singapore Exchange is the largest global REIT platform in Asia, with a market capitalisation of US$70 billion ($95.4 billion).

Global Economy

March CPI eases on lower power prices; Best World not having the best of times

SINGAPORE (Apr 29): The Department of Statistics on April 23 released the Consumer Price Index (CPI) for March. Core inflation, which excludes housing and private transport costs, has eased to 1.4% from 1.5% in February. The slightly lower inflation is at

IPO

Another US hospitality REIT lodges its prelim prospectus

SINGAPORE (Apr 25): Eagle Hospitality Trust (EHT) has lodged its preliminary prospectus for a listing on the Singapore Exchange, seeking to raise gross proceeds of around US$453 million ($619 million).
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