Frasers Hospitality Trust Announces Privatization and Delisting
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Frasers Hospitality Trust (SG:ACV) has announced a proposed privatization through a trust scheme of arrangement, leading to the acquisition of all its stapled securities by Frasers Property Hospitality Trust Holdings. This court-sanctioned move will result in the payment of scheme consideration and the eventual delisting of Frasers Hospitality Trust. The latest analyst rating for SG:ACV is a Hold with a S$0.50 price target. Frasers Hospitality Trust operates in the hospitality sector and is managed by Frasers Hospitality Asset Management and Frasers Hospitality Trust Management.
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