Eagle Hospitality Trust (“EHT”) continues to face woes on many fronts. On 6th December 2019, EHT announced the resignation of its Vice President of Finance, Mr Cheah Zhuo Ye. Mr Cheah apparently left for personal reasons. The thing that caught my eye was his date of appointment to EHT was 25 September 2018 while his date of effective cessation was 30 June 2019 hence he joined for less than 1 year. The other mind blogging issue was why EHT announced this only in December 2019 when the effective cessation was June 2019?

1. Implication of resignation of key finance personnel

In addition, the leaving of the key finance personnel (VP Finance) is closely watched by many stakeholders because besides “leaving for personal reasons”, I personally think that this may indicate other potential undercurrent such as disagreement over certain subjective accounting policies such as revenue recognition or not recognizing certain expenses or...