You are here

A-HTrust managers in strategic review following takeover interest

THE managers of Ascendas Hospitality Business Trust (A-HTrust) said on Wednesday that they are reviewing certain strategic options for the trust following an unsolicited takeover interest.

The managers of A-HTrust, a stapled group comprising Ascendas Hospitality Real Estate Investment Trust and Ascendas Hospitality Business Trust, have initiated discussions with various parties to evaluate the viability of the interest.

"The managers wish to emphasise that the discussions are presently at an early stage. Accordingly, there is no certainty that any definitive agreement will be entered into and there is no certainty that any transaction will materialise from the current discussions,'' it said in a media release.