This is an update on the forced liquidation residual value projection for Eagle Hospitality Trust ("EHT") based on the latest SGX announcement on 21 June 2020. As long as the Monetary Authority of Singapore has not given any green light to the change in hotel manger to the White Knight, Far East Consortium International Ltd ("FECIL"), the basic assumption of an eventual forced liquidation by bankers and creditors will remain unchanged.  Also, with US tax authority jumping in to file liens over some of the hotels, the entire restructuring operations by FECIL and Urban Commons may be abandoned.   
As per recent announcement on 21 June 2020: 1. There is an increase of another US$6.1 Mil (US$44.6Mil to US$50.7Mil) from the Non-Disturbance Agreements signed by Howard and Taylor which transferred liabilities of the lessee onto EHT unfairly based on the latest announcement.  
2. US tax authority and...