On 23 July 2020, Eagle Hospitality Trust ("EHT") finally posted an update on the restructuring status. Far East Consortium International Limted ("FECIL") apparently walked out of their due diligence  exercise without making any offer. It was a waste of a good 4 months by granting exclusive rights to FECIL. This exclusive negotiation agreement just expired on 14 July 2020. The previous non-executive directors Howard Wu and Taylor Woods had thus made another detrimental decision against the interest of unit-holders by choosing to enter into an exclusive negotiation deal with only one sole interested party. They should have opened it up to a general public offer for proposal by interested parties from the onset. 
1. SGX stepped in with new guidance after the failed negotiation with FECIL that leads to no deal even after 4 months.
A request for proposal has been sent out to invite interested parties...