Frasers Property to privatise FHT at S$0.70 per stapled security
FRASERS Property Hospitality Trust Holdings, a wholly-owned subsidiary of Frasers Property : TQ5 0%, is proposing to privatise Frasers Hospitality Trust : ACV 0% (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).
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