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Frasers Property to privatise FHT at S$0.70 per stapled security 

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Jude Chan
Tan Nai Lun

Jude Chan &

Tan Nai Lun

Published Mon, Jun 13, 2022 · 08:50 AM
    • Frasers Property Hospitality Trust Holdings, a wholly-owned subsidiary of Frasers Property, is proposing to privatise Frasers Hospitality Trust (FHT) through a trust scheme of arrangement.
    • Frasers Property Hospitality Trust Holdings, a wholly-owned subsidiary of Frasers Property, is proposing to privatise Frasers Hospitality Trust (FHT) through a trust scheme of arrangement. PHOTO: FRASERS PROPERTY

    FRASERS Property Hospitality Trust Holdings, a wholly-owned subsidiary of Frasers Property , is proposing to privatise Frasers Hospitality Trust (FHT) through a trust scheme of arrangement.

    The privatisation will shave over S$1.3 billion worth of value from the local bourse.

    The offeror is proposing to acquire all of FHT’s stapled securities – other than those held by TCC Group Investments and Frasers Property and its subsidiaries – at a scheme consideration of S$0.70 each in cash, it said in a bourse filing on Monday (Jun 13).

    frasers propertyfrasers hospitality trustPrivatisationS-ReitsHospitality

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