regulatory action

The authorities say the investigation stems from a referral by the Singapore Exchange Regulation (SGX RegCo), and follows a review announced by SGX RegCo and MAS on Apr 20.

EHT's non-executive chairman Howard Wu and deputy chairman Taylor Woods have handed in their resignations after they were found to have inked transactions that were "not on commercial terms" and "prejudicial" to the interests of the REIT.

“We acknowledge the rising risk but believe it is not currently enough to derail China’s outperformance versus the broader emerging markets.” - Morgan Stanley

“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.