https://www.businesstimes.com.sg/companies-markets/dbs-sets-pace-for-peers-as-record-q1-profit-shrugs-off-covid-19-pain
"DBS sets pace for peers as record Q1 profit shrugs off Covid-19 pain"
"DBS sets pace for peers as record Q1 profit shrugs off Covid-19 pain"
i have 27,000 units of EHT unit. 
 
 
I have 5000 EHT units. May I know what' s the purpose in compiling the list of EHT unitholders? 
| 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) |
|
| 45. iamzys: 5,000 46. dexboi: 1,300 (custodian) 47. Terence: 20,000 48. Victor: 2,000 49. Kris: 28,000 50. Jay: 8,000 51. SZW: 40,000 52. Alston: 12,000 53. Ray: 25,000 54. Anson: 9,100 55. William: 10,500 56. Richard: 14,300 57: Jerry Tan: 6,000 (CDP) 58. Joanne: 32,500 59. DS: 30,000 60. Zainal: 2,500 61. Samuel: 21,300 62. swordz82: 10,000 (CDP) 63. wu_hcap: 60,000 64. YwallC: 4,000 (CDP) 65. verve158: 36,000 (CDP) 66. E Lo : 100,000 67. MYB (/sino88y) : 20,000 (CDP) 68. hopefulsnake: 10,000 (CDP) |
|
based on the list we have total claim of abt usd 2 m on stake
sino88y ( Date: 28-Apr-2021 21:02) Posted:
| |||||||||
Will our holding one day can get back something ? The claim letter we received have legal effect ?
| 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) |
|
| 45. iamzys: 5,000 46. dexboi: 1,300 (custodian) 47. Terence: 20,000 48. Victor: 2,000 49. Kris: 28,000 50. Jay: 8,000 51. SZW: 40,000 52. Alston: 12,000 53. Ray: 25,000 54. Anson: 9,100 55. William: 10,500 56. Richard: 14,300 57: Jerry Tan: 6,000 (CDP) 58. Joanne: 32,500 59. DS: 30,000 60. Zainal: 2,500 61. Samuel: 21,300 62. swordz82: 10,000 (CDP) 63. wu_hcap: 60,000 64. YwallC: 4,000 (CDP) 65. verve158: 36,000 (CDP) 66. E Lo : 100,000 67. MYB (/sino88y) : 20,000 (CDP) |
|
ericlokw ( Date: 20-Apr-2021 14:04) Posted:
| ||||
Sorry...after reading the instruction carefully, I think the answer is NO. If you think otherwise, please let me know why.
Section 2 (h) (i), Page 5
Section 2 (h) (i), Page 5
sino88y ( Date: 28-Apr-2021 20:26) Posted:
|
I think it is only for the " dividend declared" part. The rest, looks like still need to send back. 
hashimma ( Date: 28-Apr-2021 12:33) Posted:
|
Yes also received but some chatgroup menber said don't need to send and KIV it ? don't know how true ?
goodsport ( Date: 28-Apr-2021 06:36) Posted:
|
I have received the claim form from Donlin, Recano. This letter says, " any person who does not dispute the amount...as set forth in the Schedule" doesn' t have to send it back. Should we anyway send it back? Anyone who understands how to fill in, please give advice for me!
There is a website on this too:
https://www.donlinrecano.com/Clients/eagle/Index
https://www.donlinrecano.com/Clients/eagle/Index
goodsport ( Date: 28-Apr-2021 06:36) Posted:
|
Did anyone receive a claim form letter from the US for Eagle Hospitality Trust coming from Donlin, Recano & Company, Inc? 
If received, what should we do about it please?
If received, what should we do about it please?
Thank you @Joelton for the full BT text!
That new group recently formed to slavage something may not even avalable in the drain , isn' t it a waste of times and efforts ? The real cuprit is DBS , but they have not gut to go after DBS , brainless or gutless ?
Why indulge in self - delusions ?
Why indulge in self - delusions ?
Joelton ( Date: 22-Apr-2021 09:57) Posted:
|
Difficult situation has required stepping up in ' unprecedented manner' : EH-Reit' s trustee
FUNDS available to Eagle Hospitality Real Estate Investment Trust (EH-Reit) are " depleting&hellip on a daily basis" , as it costs money to maintain and operate the existing hotel properties.
 
And DBS Trustee, which as the trustee of EH-Reit has been saddled with the task of looking after the interests of the various stakeholders of Eagle Hospitality Trust (EHT), said there are few options available.
 
Trading in EHT, a stapled group consisting of EH-Reit and the dormant Eagle Hospitality Business Trust, has been suspended since March last year. The trust no longer has a manager, after the Monetary Authority of Singapore (MAS) ordered the removal of the previous manager in November last year.
 
EH-Reit Trustee, with the help of professional adviser Moelis, had given stapled security-holders of EHT the option of a new manager in December last year. But this was voted down at an extraordinary general meeting (EGM).
 
At the EGM, stapled security-holders were also asked to vote on a voluntary winding up of both EH-Reit and EH Business Trust. This resolution was also voted down, leading some security-holders to question a decision to seek Chapter 11 bankruptcy in the United States for some of the group' s units.
 
But EH-Reit Trustee told The Business Times that without the Chapter 11 filing, the creditors of the various EHT entities would have had the right to foreclose on EH-Reit' s properties. This could have led to " increased legal liabilities against EHT, which would have been even less beneficial to stakeholders" , a spokesperson for EH-Reit Trustee said.
 
Properties held by these Chapter 11 entities are currently up for sale - another point of contention among security-holders, some of whom have suggested that a more opportune moment to sell may occur down the road.
 
EH-Reit Trustee, however, pointed out that the group " does not have the luxury of delaying the sale or restructuring process" as the properties continue to consume cash.
 
The various entities are currently drawing on a debtor-in-possession (DIP) credit facility from Monarch Alternative Capital. Under the DIP facility, Monarch is extending up to US$100 million to the Chapter 11 entities. This facility can be increased to as much as US$125 million.
 
But the DIP facility will mature in January 2022. This means that on top of having a limited runway in terms of total available funds, the clock is ticking for EHT' s caretakers to take action.
 
In addition, a waiver from MAS allowing EH-Reit' s total borrowings and deferred payments to exceed 50 per cent of its deposited property before Jan 1, 2022, and 45 per cent after that date, will end on the earlier of either March 31, 2022, or the date on which the Chapter 11 cases are concluded. As at end-September, EH-Reit' s aggregate leverage already stood at 65.5 per cent.
 
EH-Reit Trustee emphasised that the sale " has not been a rushed process" , noting that Moelis contacted more than 180 qualified parties to solicit their interest in submitting proposals for the restructuring and recapitalisation of EHT and/or the purchase of one or more of the 15 properties in EH-Reit' s portfolio. The process of selling the properties is also " highly competitive" , the spokesperson for EH-Reit Trustee said.
 
In all this, EH-Reit Trustee said it " has not acted alone, but has been working closely with advisers.
 
Moelis, an independent investment bank, is acting as professional financial adviser to the Chapter 11 entities. FTI Consulting, a business advisory firm, is acting as chief restructuring officer overseeing the operational aspects of the Chapter 11 entities.
 
" Given the circumstances and challenges facing EHT, the EH-Reit Trustee stepped up in an unprecedented manner," the spokesperson said.
 
" During the process, the EH-Reit Trustee has gone over and above in its responsibilities as a trustee in efforts to protect the interests of EHT stakeholders."
Difficult situation has required stepping up in ' unprecedented manner' : EH-Reit' s trustee
FUNDS available to Eagle Hospitality Real Estate Investment Trust (EH-Reit) are " depleting&hellip on a daily basis" , as it costs money to maintain and operate the existing hotel properties. And DBS Trustee, which as the trustee of EH-Reit has been saddled with the task of...
https://www.businesstimes.com.sg/companies-markets/difficult-situation-has-required-stepping-up-in-unprecedented-manner-eh-reits
Anyone has full access to this new article released today to share?
FUNDS available to Eagle Hospitality Real Estate Investment Trust (EH-Reit) are " depleting&hellip on a daily basis" , as it costs money to maintain and operate the existing hotel properties. And DBS Trustee, which as the trustee of EH-Reit has been saddled with the task of...
https://www.businesstimes.com.sg/companies-markets/difficult-situation-has-required-stepping-up-in-unprecedented-manner-eh-reits
Anyone has full access to this new article released today to share?
Should sue DBS to strip them of it's license to act as trustee.
Joelton ( Date: 16-Apr-2021 09:26) Posted:
|
| 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) |
|
| 45. iamzys: 5,000 46. dexboi: 1,300 (custodian) 47. Terence: 20,000 48. Victor: 2,000 49. Kris: 28,000 50. Jay: 8,000 51. SZW: 40,000 52. Alston: 12,000 53. Ray: 25,000 54. Anson: 9,100 55. William: 10,500 56. Richard: 14,300 57: Jerry Tan: 6,000 (CDP) 58. Joanne: 32,500 59. DS: 30,000 60. Zainal: 2,500 61. Samuel: 21,300 62. swordz82: 10,000 (CDP) 63. wu_hcap: 60,000 64. YwallC: 4,000 (CDP) 65. verve158: 36,000 (CDP) 66. E Lo : 100,000 |
|
| 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) |
|
| 45. iamzys: 5,000 46. dexboi: 1,300 (custodian) 47. Terence: 20,000 48. Victor: 2,000 49. Kris: 28,000 50. Jay: 8,000 51. SZW: 40,000 52. Alston: 12,000 53. Ray: 25,000 54. Anson: 9,100 55. William: 10,500 56. Richard: 14,300 57: Jerry Tan: 6,000 (CDP) 58. Joanne: 32,500 59. DS: 30,000 60. Zainal: 2,500 61. Samuel: 21,300 62. swordz82: 10,000 (CDP) 63. wu_hcap: 60,000 64. YwallC: 4,000 (CDP) 65. verve158: 36,000 (CDP) |
|