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Eagle Hospitality flags unauthorised loan application, tax delinquency by sponsor

Unauthorised PPP loan application submitted on behalf of the master lessor of Queen Mary hotel

Singapore

THE managers of Eagle Hospitality Trust (EHT) said an unauthorised application was made under the US Paycheck Protection Program (PPP) on behalf of the Queen Mary's master lessor, and that certain master lessees had not paid some taxes.

The managers' professional advisers...

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