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Frasers Property ( (SG:TQ5) ) has provided an update.
Frasers Property Hospitality Trust has announced a proposed privatization through a trust scheme of arrangement, which involves the acquisition of all stapled securities by the Offeror, excluding those held by TCC Group Investments Limited and Frasers Property Limited. This move, which has been sanctioned by the court, will lead to the delisting of Frasers Hospitality Trust, potentially impacting its stakeholders and altering its market positioning.
The most recent analyst rating on (SG:TQ5) stock is a Hold with a S$1.00 price target. To see the full list of analyst forecasts on Frasers Property stock, see the SG:TQ5 Stock Forecast page.
More about Frasers Property
Frasers Property Hospitality Trust Holdings Pte. Ltd. is a company incorporated in the Republic of Singapore, focusing on hospitality-related real estate investments. It manages Frasers Hospitality Real Estate Investment Trust and Frasers Hospitality Business Trust, both established in 2014, with a market focus on hospitality assets.
Average Trading Volume: 318,170
Technical Sentiment Signal: Buy
Current Market Cap: S$4.04B
Learn more about TQ5 stock on TipRanks’ Stock Analysis page.