Far East Hospitality Trust (SG:Q5T) has released an update.
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Far East Hospitality Trust has secured two sustainability-linked loans totaling S$157.15 million with institutional banks, which include conditions linked to the shareholding interests of its controlling securityholders. These agreements aim to reinforce the Trust’s commitment to sustainable development while maintaining strict controls over management and ownership changes. Investors should note that a change of control could affect outstanding borrowings of approximately S$716.4 million, though no breaches have occurred as of the announcement.
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