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Activist fund calls for merger of Ascendas Hospitality Trust, Ascott Reit

Quarz says A-H Trust is undervalued due to its suboptimal size, and proposes a merger by way of a trust scheme


REAL estate investment trust (Reit) mergers are the flavour of the season, and activist fund Quarz Capital Management is advocating a union of CapitaLand's two hospitality trusts.

In a letter on Thursday, Quarz argued that Ascendas Hospitality Trust (A-H Trust) is...

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