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Hot stock: FHT slides 24.8% after missing votes needed for proposed privatisation

Vivienne Tay
Published Tue, Sep 13, 2022 · 09:51 AM

SHARES of Frasers Hospitality Trust : ACV 0% (FHT) hit a 5-month low on Tuesday (Sep 13) after the counter resumed trading. This came after the stapled group’s managers narrowly missed the number of votes needed for privatisation at a scheme meeting on Monday.

FHT dropped to a low of S$0.53 within an hour of the market opening on Tuesday, trading 24.8 per cent or S$0.175 lower. The last time the …

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