Frasers Hospitality Trust Said To Weigh Going Private (The Straits Times)

April 12, 2022 – Singapore-listed Frasers Hospitality Trust (FHT) is considering a plan to go private amid concerns that its share price does not reflect the company’s value, people with knowledge of the matter said. 

The real estate investment trust (Reit) has received board approval to explore a privatisation and hired a financial adviser, the people said, asking not to be identified because the matter is confidential. The company may choose not to proceed if the deal structure is not favourable, they added.

Shares of FHT spiked as much as 7.9 per cent last Friday (April 8), the most since November 2020, after the Bloomberg News report. The stock closed 5.3 per cent higher at 60 cents, giving it a market value of $1.16 billion. The benchmark Straits Times Index was down 0.6 per cent.

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