Eagle Hospitality Trust… scam REIT?

2021-06-30

Singapore

TWO investors of the beleaguered Eagle Hospitality Trust (EHT) are suing six of its manager's former and current directors for failing to make material disclosures from the time the stapled securities were offered to when the trust collapsed in or around March 2020.

Ajeet Gobindram Vaswani, a retiree, is claiming US$1.55 million for the 2,632,000 stapled securities he holds in EHT; Viresh Ajeet Vaswani, an entrepreneur, is claiming US$305,000 for his 448,000 units.

The father-son pair, who believe they are the second and third-largest investors in the trust, filed their statement of claim before Singapore's High Court on April 26.

IF YOU HAVE DOUBTS OVER THE INTEGRITY OF THE REIT MANAGER, DO NOT BUY THEIR REIT AT ANY PRICE.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":153887224,"tweetId":"153887224","gmtCreate":1625017422068,"gmtModify":1703850189828,"author":{"id":3574663090956854,"authorId":3574663090956854,"authorIdStr":"3574663090956854","name":"Jerry LCY","avatar":"https://static.tigerbbs.com/f2f804b45ea8c6143898232e7f20a3bf","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":6,"crmLevelSwitch":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.24","individualDisplayEnabled":0},"individualDisplayBadges":[],"fanSize":16,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"Eagle Hospitality Trust… scam REIT?","extraTitle":"","html":"<html><head></head><body>SingaporeTWO investors of the beleaguered Eagle Hospitality Trust (EHT) are suing six of its manager's former and current directors for failing to make material disclosures from the time the stapled securities were offered to when the trust collapsed in or around March 2020.Ajeet Gobindram Vaswani, a retiree, is claiming US$1.55 million for the 2,632,000 stapled securities he holds in EHT; Viresh Ajeet Vaswani, an entrepreneur, is claiming US$305,000 for his 448,000 units.The father-son pair, who believe they are the second and third-largest investors in the trust, filed their statement of claim before Singapore's High Court on April 26.IF YOU HAVE DOUBTS OVER THE INTEGRITY OF THE REIT MANAGER, DO NOT BUY THEIR REIT&nbsp;AT ANY PRICE.</body></html>","htmlText":"<html><head></head><body>SingaporeTWO investors of the beleaguered Eagle Hospitality Trust (EHT) are suing six of its manager's former and current directors for failing to make material disclosures from the time the stapled securities were offered to when the trust collapsed in or around March 2020.Ajeet Gobindram Vaswani, a retiree, is claiming US$1.55 million for the 2,632,000 stapled securities he holds in EHT; Viresh Ajeet Vaswani, an entrepreneur, is claiming US$305,000 for his 448,000 units.The father-son pair, who believe they are the second and third-largest investors in the trust, filed their statement of claim before Singapore's High Court on April 26.IF YOU HAVE DOUBTS OVER THE INTEGRITY OF THE REIT MANAGER, DO NOT BUY THEIR REIT&nbsp;AT ANY PRICE.</body></html>","text":"Singapore TWO investors of the beleaguered Eagle Hospitality Trust (EHT) are suing six of its manager's former and current directors for failing to make material disclosures from the time the stapled securities were offered to when the trust collapsed in or around March 2020. Ajeet Gobindram Vaswani, a retiree, is claiming US$1.55 million for the 2,632,000 stapled securities he holds in EHT; Viresh Ajeet Vaswani, an entrepreneur, is claiming US$305,000 for his 448,000 units. The father-son pair, who believe they are the second and third-largest investors in the trust, filed their statement of claim before Singapore's High Court on April 26. IF YOU HAVE DOUBTS OVER THE INTEGRITY OF THE REIT MANAGER, DO NOT BUY THEIR REIT AT ANY PRICE.","highlighted":1,"essential":1,"paper":2,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/153887224","repostId":0,"isVote":1,"tweetType":1,"viewCount":373,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["EGBN"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":624,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/153887224"}