For the half year, revenue was US$32.3 million, 29.6 per cent below EHT's projection. Net property income was US$26.5 million, 31.6 per cent below projection.Net asset value per stapled security as at June 30 was about US$0.81.Earlier last week, EHT's sponsor, Urban Commons, also, claiming that funds it had injected into EHT are outstanding and due for repayment.
It also claimed it has a plan to provide financial support to EHT, but has been unable to implement this plan because of a lack of cooperation from EHT's trustee, the special committee negotiating with lenders, and EHT's third party advisers and consultants. Trading in units of EHT was suspended on March 24, at US$0.137. The trust listed at US$0.78 in May 2019.For daily updates on weekdays and specially selected content for the weekend. Subscribe to
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