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

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).