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Frasers Hospitality Trust IPO units at 88 cts each

Acquisition pipeline provides potential for its asset portfolio to swell

Published Mon, Jun 30, 2014 · 10:00 PM
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FRASERS Hospitality Trust (FHT), which will start trading on the Singapore Exchange this month, could be making another acquisition as early as in the next 15 to 18 months.

Besides an initial portfolio of 12 hospitality assets worth $1.67 billion, it has the right of first refusal (ROFR) to acquire 18 other assets from its sponsor Frasers Centrepoint Limited (FCL) and the latter's major shareholder TCC Group.

This acquisition pipeline through ROFRs alone could more than double FHT's portfolio from the current 2,770 hotel rooms and serviced residences units.

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