Shares & Derivatives
[Paywall] Eagle Hospitality Trust become another Hyflux?
By SG Wealth Builder  •  March 30, 2020
The unfolding coronavirus is a complete disaster out of nowhere. Not only has the virus rocked the entire global markets, it has also brought the entire aviation, hospitality and tourism sectors to a complete standstill. Being a player in the US hospitality sector, Eagle Hospitality Trust is not spared from the carnage. But what made the crisis at Eagle Hospitality Trust so extraordinary is that within a year of listing in SGX mainboard, this REIT had been dogged by various negative publicity. Eagle Hospitality Trust to blow up in pieces? Eagle Hospitality Trust to swim or sink with Temasek Holdings? In November 2019, The Edge Singapore revealed toxic inspection reports and a letter from the City of Long Beach to Urban Commons, sponsor of Eagle Hospitality Trust. In that letter, it was alleged that Urban Commons failed to meet obligations under The Queen Mary...
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By SG Wealth Builder
Welcome to SG Wealth Builder! My name is Gerald and I hope that you find this blog useful in your wealth building journey. The motto of this blog is “to make money, to build wealth and to preserve wealth” ...
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