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Ascendas Hospitality may attract more than one offeror

Reit managers said to have begun inviting other interested bidders after receiving unsolicited expression of interest

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Currently, parent firm Ascendas owns a majority stake of 26.6 per cent in the trust, followed by Chinese tycoon Tong Jinquan (5.7 per cent), Aberdeen (5 per cent), Accor subsidiary AHDF (4.1 per cent), and Aberdeen Asset Management (1.2 per cent), according to Bloomberg.

Singapore

THERE is likely going to be more than one bid for Ascendas Hospitality Trust (A-HTRUST).

The Business Times understands from people close to the deal that managers of the real estate investment trust (Reit) have begun inviting other interested bidders to put in their