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Frasers trust closes above offer in debut

Units end at 89.5¢; investors drawn by higher yield

FRASERS Hospitality Trust, backed by Thailand's richest man, closed its first day of trading at 89.5 cents, up 1.7 per cent, as its higher yield attracted investors. The units opened at 90 cents apiece at 2pm yesterday, 2.3 per cent above the offer price of 88 cents.

The trust, which is...

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