On 3rd March 2020 (Tuesday), Eagle Hospitality Trust (“EHT”) suddenly announced that its Chief Financial Officer (“CFO”), Fred Chee, has resigned for personal reasons. This does not bode well for EHT and lead to continued mass selling of units by many skeptical investors despite the announcement asserting that Fred Chee is leaving due to personal reasons. The leaving of a CFO is normally bad news for a business entity, especially when Fred Chee just joined EHT on 28 June 2019 and quit in just 8 short months. This is simply a public relation nightmare for EHT.

Extract from Announcement on 3rd March 2020...