Three independent directors of Eagle Hospitality Trust’s (EHT’s) board, who were among those arrested on suspicion of breaching Singapore’s Securities and Futures Act, have resigned.
The directors are Lau Chun Wah, Kelvin Tan, and Tarun Kataria.
Their resignations have left EHT without an audit committee given the requirement for a minimum of three members in the construct, as per the country’s financial regulations.
More information on the resignations can be found here.
EHT remains suspended from trading on the SGX since March 2020.