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An announcement from Eagle Hospitality Trust ( (SG:LIW) ) is now available.
Eagle Hospitality Trust has announced the initiation of steps to terminate its real estate investment trust, EH-REIT. The REIT Trustee has sought the Singapore Court’s clarification and confirmation to proceed with the termination, which follows recognition of the US bankruptcy proceedings as foreign proceedings in Singapore. This move is part of a broader effort to dissolve the trust’s entities and implement the confirmed plan, potentially impacting stakeholders involved in the trust.
More about Eagle Hospitality Trust
Eagle Hospitality Trust consists of Eagle Hospitality Real Estate Investment Trust and Eagle Hospitality Business Trust, both constituted on April 11, 2019, under the laws of the Republic of Singapore. The company operates in the real estate investment sector, focusing on hospitality assets.
Current Market Cap: $119.6M
For detailed information about LIW stock, go to TipRanks’ Stock Analysis page.