Eagle Hospitality Trust

[Shiyi]

I read from somewhere before , the sponsor actually wanted to IPO it at a higher price but reduced it  to 78 cents owing to bad market sentiment during that time .
The queen Mary ship/hotel also comprise of a big piece of land next to the ship , so assume if the ship is totally worthless , the land next to it should worth something .
This enticed me to commit a  small position into EAGLE HT today . Hope I was not wrong in making this decision.

Substantial shareholder Tong Jinquan sold 10 million shares at US$0.65.
That probably explains the drop of share price. But as to why he sold, it's anybody's guess.
He still holds close to 5% stake. The share price may not have seen its bottom if the selling continues.