MAS orders removal of EH-REIT manager

Uploaded By:  Paul Howell Submitted By:  Paul Howell Case Study:  No The order follows a notice of intention issued on 26 October. The Monetary Authority of Singapore (MAS) has instructed DBS Trustee to remove Eagle Hospitality REIT Management as the manager of Eagle Hospitality Real Estate Investment Trust (EH-REIT), and to name a new manager “as soon as possible.” The order follows MAS’ notice of intention issued on 26 October, as well as providing both parties with an opportunity to state why EH-REIT should not be removed. read more