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Eagle Hospitality Trust units hit fresh low as investors take flight

The counter falls by more than 11% to an intraday nadir of US$0.465 before closing at a fresh low of US$0.475, down 9.5%

Published Mon, Nov 4, 2019 · 09:50 PM

eagle hospitality trust

Singapore

EAGLE Hospitality Trust (EHT) got its wings clipped again on Monday as new revelations about the Reit sponsor's past transactions with certain substantial shareholders and concerns over the value of EHT's second-largest asset, the Queen Mary, left investors nonplussed.

EHT units fell by more than 11 per cent to an intraday nadir of US$0.465 before closing at a fresh low of US$0.475, down 9.52 per cent, or five US cents, after some 21.8 million units changed hands.