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EAGLE Hosp Reit US$ @$0.780 cents Post Reply Rate topic
moonsun Veteran	14-Aug-2020 23:21        moonsun About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is fraud.. he can be prosecuted ... dbs trustee nothing to comment? Think EHT ceo & directors have to go cad drink more kopi O... laksaman57      ( Date: 14-Aug-2020 22:12) Posted: https://links.sgx.com/FileOpen/EHT%20-%20Update%20Announcement%2011.ashx?App=Announcement& FileID=627793   " ....discovered that an unauthorised loan application dated 18 May 2020 (the &ldquo QM PPP Application&rdquo ) was submitted on behalf of the QM Master Lessor under the United States Paycheck Protection Program1 (&ldquo PPP&rdquo ) administered by the United States Small Business Administration (&ldquo US SBA&rdquo ) purportedly on behalf of the QM Master Lessor. The QM PPP Application was signed by Mr. Taylor Woods...."
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laksaman57 Supreme	14-Aug-2020 22:12        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://links.sgx.com/FileOpen/EHT%20-%20Update%20Announcement%2011.ashx?App=Announcement& FileID=627793   " ....discovered that an unauthorised loan application dated 18 May 2020 (the &ldquo QM PPP Application&rdquo ) was submitted on behalf of the QM Master Lessor under the United States Paycheck Protection Program1 (&ldquo PPP&rdquo ) administered by the United States Small Business Administration (&ldquo US SBA&rdquo ) purportedly on behalf of the QM Master Lessor. The QM PPP Application was signed by Mr. Taylor Woods...."
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laksaman57 Supreme	13-Aug-2020 22:37        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.bloomberg.com/news/articles/2020-08-13/u-s-jobless-claims-below-1-million-for-first-time-in-pandemic   " The number of Americans applying for state unemployment benefits fell below 1 million for the first time since the pandemic began in March, suggesting the economic recovery is gaining some traction amid a deceleration in coronavirus infections."
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laksaman57 Supreme	13-Aug-2020 22:19        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.channelnewsasia.com/news/world/covid-19-moderna-vaccine-us-1-5-billion-deal-100-million-doses-13012992 " The United States has entered an agreement with drugmaker Moderna to acquire 100 million doses of its potential COVID-19 vaccine for about  US$1.5 billion, the company and White House said on Tuesday (Aug 11) The United States in recent weeks has made deals to acquire hundreds of millions of doses of potential COVID-19 vaccines from several companies as part of its Operation Warp Speed program, which aims to deliver a vaccine in the country by the end of the year."
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laksaman57 Supreme	13-Aug-2020 22:13        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	" ...if we are lucky, there may even be successful development of a COVID-19 vaccine in the USA in late 2020. This should start the recovery of hospitality assets." laksaman57      ( Date: 13-Aug-2020 22:11) Posted: https://dividendpassiveincome.blogspot.com/2020/07/eagle-hospitality-trust-no-deal-reached.html   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 to submit their preliminary indication of interest  by 31 July 2020  and formal bids  by end of August 2020.   SGX has also instructed the management of EHT that (i) there should not be any restriction imposed on bidders eligible to take part  and (ii) that Howard Wu and Taylor Woods be barred from any further direct negotiation with any bidders or granting any special exclusive agreement.
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laksaman57 Supreme	13-Aug-2020 22:11        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://dividendpassiveincome.blogspot.com/2020/07/eagle-hospitality-trust-no-deal-reached.html   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 to submit their preliminary indication of interest  by 31 July 2020  and formal bids  by end of August 2020.   SGX has also instructed the management of EHT that (i) there should not be any restriction imposed on bidders eligible to take part  and (ii) that Howard Wu and Taylor Woods be barred from any further direct negotiation with any bidders or granting any special exclusive agreement.
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Goldfinger Supreme	03-Aug-2020 12:29        Goldfinger About Contact  Quote this Post!
x 1   x 0  Alert Admin	Why no update on the expresisons of interest exercise, ended on 31 July?  Maybe no one expressed interest???
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newtotrading Member	18-Jul-2020 12:19        newtotrading About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi all, any idea if if theres any update on the investigation or on FECIL? What is the chances of us getting anything back? Even if its pennies on the dollar? Worried vested newbie here.
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lawrence83 Senior	10-Jul-2020 17:09        lawrence83 About Contact  Quote this Post!
x 0   x 0  Alert Admin	no much news coming out and with the second wave covid hitting the us. It may seem highlight we can get anything back. Not sure fast east is interested to pursue further.
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brchkho1 Master	04-Jul-2020 10:17        brchkho1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Please see Mak Yuen Teen' s article on this counter. https://governanceforstakeholders.com/2020/07/01/eagle-hospitality-trust-the-one-that-flew-too-far/
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Peter88 Senior	10-Jun-2020 15:30        Peter88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	So far MAS abd CAD only mentioned the reit manager , sponsor but never even mention reit trustee and solw advisor of this IPO , DBS . Are they really so afraid of DBS ?
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ipolaris Senior	10-Jun-2020 13:15        ipolaris About Contact  Quote this Post!
x 0   x 0  Alert Admin	So they' d better do a swee swee job and don' t sia suay SG. One with ' golden' standard pls.  laksaman57      ( Date: 09-Jun-2020 14:33) Posted: Oh wow, Singapore got international ' recognition' https://www.reuters.com/article/brief-eagle-hospitality-trust-responds-t/brief-eagle-hospitality-trust-responds-to-mas-cad-of-singapore-polices-joint-investigation-idUSFWN2DI0TL   June 8 (Reuters) - Eagle Hospitality Trust: BRIEF-Eagle Hospitality Trust Responds To MAS & CAD Of Singapore Police' s Joint Investigation
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laksaman57 Supreme	09-Jun-2020 14:33        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Oh wow, Singapore got international ' recognition' https://www.reuters.com/article/brief-eagle-hospitality-trust-responds-t/brief-eagle-hospitality-trust-responds-to-mas-cad-of-singapore-polices-joint-investigation-idUSFWN2DI0TL   June 8 (Reuters) - Eagle Hospitality Trust: BRIEF-Eagle Hospitality Trust Responds To MAS & CAD Of Singapore Police' s Joint Investigation
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ipolaris Senior	09-Jun-2020 09:24        ipolaris About Contact  Quote this Post!
x 0   x 0  Alert Admin	" The Managers confirm that the current directors of the Managers have attended interviews with the MAS to assist in the Investigation and had and will continue to cooperate fully with the Authorities on the Investigation. In addition, the Boards of the Managers understand that former directors of the Managers have also been or will be interviewed. "
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Peter88 Senior	09-Jun-2020 08:43        Peter88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can they say they refuse to cooperate with CAD ?
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QianDEY Member	08-Jun-2020 18:16        QianDEY About Contact  Quote this Post!
x 0   x 0  Alert Admin	Reported in THEEDGE Eagle Hospitality Trust to 'cooperate fully' with MAS, CAD investigations MAS reviewing proposed change of manager.... Uma Devi 8/06/2020, 4:53pm............ Separately, the MAS has also confirmed that their review of the application submitted by Far East Consortium International Limited (FECIL) as a proposed new controller of the REIT manager is ?in progress.? On June 3, EHT said FECIL had signed a non-binding conditional proposal with Urban Commons which would see it acquire a controlling stake of 70% in EHT?s REIT manager and trustee-manager. This would be done by way of FECIL subscribing for one convertible preferred share in each of the managers. These shares would then be converted to ordinary shares in the respective upon the fulfilment of certain conditions including the restructuring and recapitalisation of EHT. EHT?s manager says the board will update shareholders in the event of ?any material developments? pertaining to the FECIL proposal. laksaman57      ( Date: 08-Jun-2020 10:29) Posted: Just as Sabana reit nav keep rising under its new reit mgr, ESR, FECIL will be able to support EHT nav. Good luck. laksaman57      ( Date: 07-Jun-2020 12:22) Posted: FECIL taking over the mgr instead of the reit is a good step, just like in ESR/Sabana. https://www.mingtiandi.com/real-estate/logistics/esr-takes-control-of-singapores-sabana-reit/   " The arrangement also gives the Warburg Pincus-backed logistics fund manager and warehouse developer a more than 90 percent interest in the trust&rsquo s manager ..."
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laksaman57 Supreme	08-Jun-2020 10:29        laksaman57 About Contact  Quote this Post!
x 1   x 0  Alert Admin	Just as Sabana reit nav keep rising under its new reit mgr, ESR, FECIL will be able to support EHT nav. Good luck. laksaman57      ( Date: 07-Jun-2020 12:22) Posted: FECIL taking over the mgr instead of the reit is a good step, just like in ESR/Sabana. https://www.mingtiandi.com/real-estate/logistics/esr-takes-control-of-singapores-sabana-reit/   " The arrangement also gives the Warburg Pincus-backed logistics fund manager and warehouse developer a more than 90 percent interest in the trust&rsquo s manager ..." uk1234      ( Date: 07-Jun-2020 11:54) Posted: > I am sure FECIL hotels valuations would be similarly hit by COVID, as EHT USA hotels. So, it could be a fair exchange. well if I were FEC I would not want a fair exchange. I' ll drive downn EHT valuation and push up mine.  Otherwise there is no incentive for FEC to come into the picture. From the announcement, FEC is getting 70% control of the manager now not the reit.  After that as REIT manager FEC could play with this.  I agree with your playbook: FEC inject hotels into EHT, but I would imagine this will be done with EHT hotels at significant discount while FEC hotels at no discount.  Say EHT issued 2.5bln new shares at USD 0.4 to FEC, for which it acquires FEC hotels at valuation of USD1bn.  After that FEC will own ~70% of the enlarged reit.  No upfront cash involved, FEC looks like getting US hotels at discount, but FEC will bear the running of the dodgy hotels in US.  With FEC as a better anchor shareholder at least banking terms will be predictable.  This I would say will be the best outcome for EHT shareholders.
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qwertyuiop00 Veteran	07-Jun-2020 18:53        qwertyuiop00 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The numbers are not real lol.. https://www.washingtonpost.com/business/2020/06/05/may-2020-jobs-report-misclassification-error/ Goldfinger      ( Date: 05-Jun-2020 21:26) Posted: USA just issued some crazy impossibly good job employment numbers - looks like the skies will turn sunny for USA businesses and hotels soon.
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Goldfinger Supreme	07-Jun-2020 15:11        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	If the trading resumes at USD13cents, and there is a gameplan for survival, and the Wu and Woods lose control - I may want to pick up more. Just my view, and not an inducement on the survivability of this counter or to buy. chengwh1      ( Date: 07-Jun-2020 14:08) Posted: I supposed the matter in everybody' s mind would be : with all these corporate maneuverings,... when will the halt be lifted for unitholders to start realizing their investments for those who wish to,... and for those who wished to buy more, can do so ?
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chengwh1 Elite	07-Jun-2020 14:08        chengwh1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I supposed the matter in everybody' s mind would be : with all these corporate maneuverings,... when will the halt be lifted for unitholders to start realizing their investments for those who wish to,... and for those who wished to buy more, can do so ?
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