A SPECIAL committee of directors has been set up with a focus on “safeguarding value for and protecting the interests of” Eagle Hospitality Trust’s (EHT) stapled security holders. The five-member committee comprises all of EHT’s independent directors and the managers’ chief executive officer. They are Carl Gabriel Florian Stubbe (who will chair the special committee), Davy Lau, Tarun Kataria, Kelvin Tan Wee Peng and Salvatore Takoushian. They will oversee matters relating to the strategic review and the voluntary trading suspension announced last week, EHT’s managers said on Wednesday. https://www.businesstimes.com.sg/companies-markets/eht-sets-up-special-committee-to-negotiate-with-lenders-oversee-strategic-review THE Covid-19 outbreak and economic slowdown have started to bite; the Urban Redevelopment Authority’s flash estimates for the first quarter shows its benchmark overall private home price index shrank 1.2 per cent over the previous quarter. The drop followed three consecutive quarter-on-quarter gains. Year on year, the index is up 2.2 per cent. Analysts expect private home prices to...