INVESTORS looking for plays on international travel may soon find themselves with one fewer option on the Singapore Exchange.

On Sep 12, stapled securities holders of Frasers Hospitality Trust : ACV 0% (FHT) will meet at an extraordinary general meeting to decide whether to approve the proposed privatisation of FHT via a scheme of arrangement.

The deal is a good one for FHT unitholders as the offeror, which is a wholly-owned subsidiary of Frasers Property Limited : TQ5 0% (FPL), is paying more than book value. FHT unitholders will receive S$0.70 in cash for each FHT stapled security that FPL and TCC Group Investments do not already hold.