| Latest Forum Topics / Eagle HTrust USD Last:0.137 -- |
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EAGLE Hosp Reit US$ @$0.780 cents
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RickyCheng
Member |
14-Apr-2021 11:46
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As usual. 
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lhc1964
Senior |
14-Apr-2021 00:15
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Looks like this big scam has been successfully executed  by the 2Ws and the Yuans ! Our regulators just act blur !
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Starship
Supreme |
13-Apr-2021 21:00
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Eagle Hospitality Reit to dispose of hotel for US$18m MON, APR 12, 2021 - 11:25 PM A WHOLLY-OWNED subsidiary of Eagle Hospitality Real Estate Investment Trust (EH-REIT) entered into a sale-and-purchase agreement on April 7 for the sale of one of the 18 hotels in Eagle Hospitality Trust' s (EHT) portfolio, DBS Trustee said on Monday. In an exchange filing, DBS Trustee, in its capacity as trustee of EH-REIT, said that the subsidiary entered into the agreement with Lockwood Development Partners for the sale of Crowne Plaza Dallas Near Galleria-Addison (CPDG) property in Texas for US$18 million. The property is a freehold property comprising a four-storey, 428-room hotel located near downtown Dallas and Dallas Fort-Worth International Airport. DBS Trustee said that CPDG is one of three properties in EHT' s portfolio that is not directly owned by a Chapter 11 entity, so it is not subject to bankruptcy protection under Section 363 of the United States Bankruptcy Code. DBS Trustee said it had been advised that CPDG had retained sufficient value to warrant an effort to sell the hotel. It noted that the hotel has remained closed since April 2020, but incurs ongoing expenses of approximately US$100,000 per month, which continue to accrue. The trustee also noted that there was a risk of CPDG' s lender exercising its right to foreclose on the property. " In that event, CPDG will unlikely generate any net proceeds for such a sale and this would not be in the interests of stakeholders." The proceeds of the CPDG disposal will be used to repay disposal-related expenses (including professional fees), the net outstanding amount under the CPDG mortgage loan, and other unsecured claims against the seller-owner, including outstanding accounts payable, DBS Trustee said. It added: " If and to the extent there are net proceeds after making such repayments, such remaining net proceeds will be distributed upstream to the Chapter 11 Entities, as the holding company of the seller-owner is a Chapter 11 Entity, and will form part of the pool of assets which will be subject to the Chapter 11 process." https://www.businesstimes.com.sg/companies-markets/eagle-hospitality-reit-to-dispose-of-hotel-for-us18m |
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laksaman57
Supreme |
13-Apr-2021 12:22
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History repeats itself. Was EHT mis-sold ?
https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSTRE4A61O320081107 "Investors who say they were mis-sold Lehman Brothers-linked products by banks gather at Speaker's Corner in Singapore in this October 11, 2008 file photo. Since the financial crisis struck, hundreds of ordinary working-class people who have lost money have gathered each Saturday to air their grievances .."
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laksaman57
Supreme |
13-Apr-2021 12:17
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https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSTOE66D07H20100714
"WED JUL 14, 2010 (Reuters) - DBS Hong Kong, a unit of Singapore's DBS Group Holdings (DBSM.SI), will pay out a combined HK$651 million ($84 million) to some buyers of Lehman Brothers constellation notes, the territory's financial regulator said on Wednesday."
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Goldfinger
Supreme |
13-Apr-2021 11:58
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Is DBS Bank also a creditor of EHT? If so, do the authorities need to look into this?
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lawrence83
Senior |
13-Apr-2021 11:53
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Agreed. should have bring it to DBS trustees. I feel going against EHT is not useful because they are already under water. | ||||
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lhc1964
Senior |
13-Apr-2021 10:06
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DBS only scare unitholders take legal action against them , then DBS will have to compensate the unitholders like what they did to the Hi-note investors. Once legal action is taken againt them , because of bad publicity and image , they will settle out of court , otherwise their damage can be more than total compensations.
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SwiftSumner
Member |
13-Apr-2021 09:41
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Hey Martin, I sent you a pm. Thanks. | ||||
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prophetjul
Master |
13-Apr-2021 09:37
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Someone has to seriously question the integrity of DBS Trustees. 
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lhc1964
Senior |
13-Apr-2021 09:35
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Looks like DBS just want to do it fast and walk away from this scam brought in by them. Why DBS as an reputable financial institution can just be so irresponsible after earning all the ' ' professional ' '   fees ?
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Joelton
Supreme |
13-Apr-2021 09:27
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Eagle Hospitality Reit to dispose of hotel for US$18m
A WHOLLY-OWNED subsidiary of Eagle Hospitality Real Estate Investment Trust (EH-REIT) entered into a sale-and-purchase agreement on April 7 for the sale of one of the 18 hotels in Eagle Hospitality Trust' s (EHT) portfolio, DBS Trustee said on Monday.
 
In an exchange filing, DBS Trustee, in its capacity as trustee of EH-REIT, said that the subsidiary entered into the agreement with Lockwood Development Partners for the sale of Crowne Plaza Dallas Near Galleria-Addison (CPDG) property in Texas for US$18 million.
 
The property is a freehold property comprising a four-storey, 428-room hotel located near downtown Dallas and Dallas Fort-Worth International Airport.
 
DBS Trustee said that CPDG is one of three properties in EHT' s portfolio that is not directly owned by a Chapter 11 entity, so it is not subject to bankruptcy protection under Section 363 of the United States Bankruptcy Code.
 
DBS Trustee said it had been advised that CPDG had retained sufficient value to warrant an effort to sell the hotel. It noted that the hotel has remained closed since April 2020, but incurs ongoing expenses of approximately US$100,000 per month, which continue to accrue.
 
The trustee also noted that there was a risk of CPDG' s lender exercising its right to foreclose on the property. " In that event, CPDG will unlikely generate any net proceeds for such a sale and this would not be in the interests of stakeholders."
 
The proceeds of the CPDG disposal will be used to repay disposal-related expenses (including professional fees), the net outstanding amount under the CPDG mortgage loan, and other unsecured claims against the seller-owner, including outstanding accounts payable, DBS Trustee said.
 
It added: " If and to the extent there are net proceeds after making such repayments, such remaining net proceeds will be distributed upstream to the Chapter 11 Entities, as the holding company of the seller-owner is a Chapter 11 Entity, and will form part of the pool of assets which will be subject to the Chapter 11 process."
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Goldfinger
Supreme |
12-Apr-2021 17:35
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Think we can use this big group of unitholders to appeal to the regulator/SGX/MAS/PM to take action. That is the other front.
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iamzys
Member |
12-Apr-2021 16:52
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Azure1984
Member |
12-Apr-2021 13:20
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Just updating: Holdings 1. Martin: 3,500,000 units 2. EdTay88: 108,000 units 3. Kasuya: 13,200 units (all via custodian) 4. Azure1984: 14,000 units 5. wallstreet99: 5,000 units 6. VAW: 2,000,000 units (Custodian) 7. dtys1200: 14,000 units 8. Lawerence83: 30,000 units 9. ipolaris: 30,000 units 10. spitfire 20,000 units (Custodian) 11. Raptor87 16,800 units 12. CuriousLearner : 250,000 units 13. ZW: 82,000 (WA) 14. Lynn 15,000(WA) 15. NK: 158,000 (WA) 16.NT: 1,000,000(WA) 17. JNg: 100,000(WA 18. AndrewO: 230,000(WA) 19.Bal Singh: 20,000(WA) 20. Louis T: 100,000(WA) 21. TFlare: 77,000 units 22. Jaey L: 10,000 units 23. Fiery: 13,500 units 24. Tan WS 4,000 (WA) 25. Ming 100,000(WA) 26. Chu CY 200,000(WA) 27. Shawn 80,000 (WA) 28. Lawrence Kng 50,000(WA) 29. Yeye Hs 46,000 (WA) 30. SKH 5,000(WA) 31. Yishuen 20,000(WA) 32. M Sun 400,000(WA) 33. round.town 174,000 (all via custodian) 34. Phua: 51,000 units 35. learn2fish: 17,100 36. Joshua87: 20,300 (CDP) | 9,700 (Custodian) 37. Nick86: 11,800 38. KTOng55: 45,000 cdp 39. LIMP: 815,000 (CDP)  40.Chang :48,000 41. CHIEW1979 50000 units 42.  Absolutbakka 16500 units 43. VT: 30,000
44.  HuatForever:16,000 units (CDP) |
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HuatForever
Member |
12-Apr-2021 12:17
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1. Martin: 3,500,000 units 2. EdTay88: 108,000 units 3. Kasuya: 13,200 units (all via custodian) 4. Azure1984: 14,000 units 5. wallstreet99: 5,000 units 6. VAW: 2,000,000 units (Custodian) 7. dtys1200: 14,000 units 8. Lawerence83: 30,000 units 9. ipolaris: 30,000 units 10. spitfire 20,000 units (Custodian) 11. Raptor87 16,800 units 12. CuriousLearner : 250,000 units 13. ZW: 82,000 (WA) 14. Lynn 15,000(WA) 15. NK: 158,000 (WA) 16.NT: 1,000,000(WA) 17. JNg: 100,000(WA 18. AndrewO: 230,000(WA) 19.Bal Singh: 20,000(WA) 20. Louis T: 100,000(WA) 21. TFlare: 77,000 units 22. Jaey L: 10,000 units 23. Fiery: 13,500 units 24. Tan WS 4,000 (WA) 25. Ming 100,000(WA) 26. Chu CY 100,000(WA) 27. Shawn 80,000 (WA) 28. Lawrence Kng 50,000(WA) 29. Yeye Hs 46,000 (WA) 30. SKH 5,000(WA) 31. Yishuen 20,000(WA) 32. M Sun 400,000(WA) 33. round.town 174,000 (all via custodian) 34. Phua: 51,000 units 35. learn2fish: 17,100 36. Joshua87: 20,300 (CDP) | 9,700 (Custodian) 37. Nick86: 11,800 38. KTOng55: 45,000 cdp 39. LIMP: 815,000 (CDP)  40.Chang :48,000 41. CHIEW1979 50000 units 42.  Absolutbakka 16500 units 43. HuatForever:16000 units (CDP) |
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MartinSG
Member |
12-Apr-2021 12:16
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Just updating: Holdings 1. Martin: 3,500,000 units 2. EdTay88: 108,000 units 3. Kasuya: 13,200 units (all via custodian) 4. Azure1984: 14,000 units 5. wallstreet99: 5,000 units 6. VAW: 2,000,000 units (Custodian) 7. dtys1200: 14,000 units 8. Lawerence83: 30,000 units 9. ipolaris: 30,000 units 10. spitfire 20,000 units (Custodian) 11. Raptor87 16,800 units 12. CuriousLearner : 250,000 units 13. ZW: 82,000 (WA) 14. Lynn 15,000(WA) 15. NK: 158,000 (WA) 16.NT: 1,000,000(WA) 17. JNg: 100,000(WA 18. AndrewO: 230,000(WA) 19.Bal Singh: 20,000(WA) 20. Louis T: 100,000(WA) 21. TFlare: 77,000 units 22. Jaey L: 10,000 units 23. Fiery: 13,500 units 24. Tan WS 4,000 (WA) 25. Ming 100,000(WA) 26. Chu CY 200,000(WA) 27. Shawn 80,000 (WA) 28. Lawrence Kng 50,000(WA) 29. Yeye Hs 46,000 (WA) 30. SKH 5,000(WA) 31. Yishuen 20,000(WA) 32. M Sun 400,000(WA) 33. round.town 174,000 (all via custodian) 34. Phua: 51,000 units 35. learn2fish: 17,100 36. Joshua87: 20,300 (CDP) | 9,700 (Custodian) 37. Nick86: 11,800 38. KTOng55: 45,000 cdp 39. LIMP: 815,000 (CDP)  40.Chang :48,000 41. CHIEW1979 50000 units 42.  Absolutbakka 16500 units 43. VT: 30,000
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MartinSG
Member |
12-Apr-2021 12:11
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@Kandee, just an indication for me. Not warrant. | ||||
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AbsolutBakka
Member |
12-Apr-2021 11:31
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Just updating: Holdings 1. Martin: 3,500,000 units 2. EdTay88: 108,000 units 3. Kasuya: 13,200 units (all via custodian) 4. Azure1984: 14,000 units 5. wallstreet99: 5,000 units 6. VAW: 2,000,000 units (Custodian) 7. dtys1200: 14,000 units 8. Lawerence83: 30,000 units 9. ipolaris: 30,000 units 10. spitfire 20,000 units (Custodian) 11. Raptor87 16,800 units 12. CuriousLearner : 250,000 units 13. ZW: 82,000 (WA) 14. Lynn 15,000(WA) 15. NK: 158,000 (WA) 16.NT: 1,000,000(WA) 17. JNg: 100,000(WA 18. AndrewO: 230,000(WA) 19.Bal Singh: 20,000(WA) 20. Louis T: 100,000(WA) 21. TFlare: 77,000 units 22. Jaey L: 10,000 units 23. Fiery: 13,500 units 24. Tan WS 4,000 (WA) 25. Ming 100,000(WA) 26. Chu CY 100,000(WA) 27. Shawn 80,000 (WA) 28. Lawrence Kng 50,000(WA) 29. Yeye Hs 46,000 (WA) 30. SKH 5,000(WA) 31. Yishuen 20,000(WA) 32. M Sun 400,000(WA) 33. round.town 174,000 (all via custodian) 34. Phua: 51,000 units 35. learn2fish: 17,100 36. Joshua87: 20,300 (CDP) | 9,700 (Custodian) 37. Nick86: 11,800 38. KTOng55: 45,000 cdp 39. LIMP: 815,000 (CDP)  40.Chang :48,000 41. CHIEW1979 50000 units 42.  Absolutbakka 16500 units |
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CHIEW1979
Member |
12-Apr-2021 11:17
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CHIEW1979: 50000 units | ||||
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