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Shareholder of EH-Reit manager appeals to finance minister against its removal

SINGAPORE (THE BUSINESS TIMES) - The shareholder of Eagle Hospitality Reit Management (EHRM) - manager of Eagle Hospitality Real Estate Investment Trust (EH-Reit) - on Dec 10 filed an appeal to Finance Minister Heng Swee Keat, regarding the directive on its removal. In a press statement on Thursday (Dec 17), Mandarin West Holdings (MWH), the sole shareholder of EHRM, noted that the directive from the Monetary Authority of Singapore (MAS) dated Nov 30 instructed the trustee of EH-Reit to remove EHRM within one month from the date of issuance of the directive, or such longer period that MAS may approve in writing, and appoint a new manager for EH-Reit.

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