DBS Trustee Limited

With the remaining amount of approximately $370.3 million, about $342.2 million will be used to fund the acquisition of W Singapore – Sentosa Cove hotel by paying down the short term borrowings.

“EHT is not for the faint of heart. If you're a conservative investor, stick to quality REITs, and sell or avoid EHT,” says an investor who has pared his stake in the REIT from 28,000 units in December to 100 units now.

SINGAPORE (May 19): AusGroup shares are down by 3.4% on Thursday, extending the slide after announcing on Tuesday night it had breached a debt covenant with its noteholders. As at 3.41pm, shares of AusGroup are trading at 8.4 cents with 2.8 million shares