Frasers Hospitality Trust Announces Privatization Scheme
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Frasers Hospitality Trust (SG:ACV) has announced a proposed privatization scheme through a trust arrangement, acquiring all stapled securities except those held by TCC Group Investments Limited and Frasers Property Limited. This court-sanctioned move follows the Singapore Code on Take-overs and Mergers, consolidating control under the Offeror. The latest analyst rating for SG:ACV is a Hold with a S$0.50 price target. Frasers Hospitality Trust focuses on hospitality assets and operates in the real estate investment sector, with a current market cap of S$1.37B.
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