A U.S. bankruptcy court has confirmed the chapter 11 plan to liquidate entities of troubled Eagle Hospitality Trust (EHT), following a confirmation hearing held on Dec 20, 2021, Business Times reported. The DBS Trustee said it does not expect unit-holders will receive any distributions on account of liquidating trust interests at this time. Under the plan, the stapled securityholders will only be entitled to a distribution only if there is value available at EH-Reit and only if holders of claims against EH-Reit have been paid in full. EHT is a stapled trust comprising Eagle Hospitality Reit (EH-Reit) and the currently dormant Eagle Hospitality Business Trust (EH-BT). In October, EHT's units in the US had filed for liquidation, with the trust's bank lenders set to mop up the bulk of the proceeds. DBS Trustee, in its capacity as trustee of EH-Reit, said on Monday (Dec 27) the effective date of the plan will be on or before Dec 31. Read more.