Brief: Eagle Hospitality Trust Responds To MAS & CAD Of Singapore Police's Joint Investigation

Eagle Hospitality Trust

08/06/2020 08:52

June 8 (Reuters) - Eagle Hospitality Trust  EAGL.SI :
    * REFERS TO MAS & COMMERCIAL AFFAIRS DEPARTMENT OF SINGAPORE
POLICE FORCE STATEMENT DATED 5 JUNE ON START OF JOINT
INVESTIGATION
    * PROBE INTO CURRENT & FORMER DIRECTORS, & OFFICERS
RESPONSIBLE
FOR MANAGING EHT ON SUSPECTED BREACHES OF DISCLOSURE
REQUIREMENTS
    * MAS CONFIRMED REVIEW OF APPLICATION TO MAS BY FAR EAST
CONSORTIUM INTL AS PROPOSED NEW CONTROLLER OF REIT MANAGER IS IN
PROGRESS
    * MANAGERS CONFIRM CURRENT DIRECTORS WILL CONTINUE TO
COOPERATE
WITH AUTHORITIES ON INVESTIGATION
    * BOARDS OF MANAGERS UNDERSTAND THAT FORMER DIRECTORS OF
MANAGERS
ALSO BEEN OR WILL BE INTERVIEWED
    * AS OF JUNE 8, AUTHORITIES HAVE NOT DISCLOSED TO MANAGERS
ANY
FURTHER DETAILS OF INVESTIGATION

Source text for Eikon:  ID:nSN4dLMKx 
Further company coverage:  EAGL.SI 

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