Compass Cove Assets ceased to be a substantial unitholder of Eagle Hospitality Trust, with its direct interest falling to 4.96 percent from 9 percent previously, Norbert Shih Hau Yuan said in filing to SGX Thursday.
Compass Cove Assets is wholly owned by Norbert Yuan, the filing said.
Yuan’s deemed interest also fell to 4.96 percent from 9 percent previously, the filing said.
The decline came after the disposal of 35 million units at US$0.52 each in an off-market transaction, the filing said.
Units of Eagle Hospitality Trust ended Thursday up 1.90 percent at US$0.54.