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Frasers Hospitality Trust ( (SG:ACV) ) has issued an announcement.
Frasers Hospitality Trust has announced a proposed privatization through a trust scheme of arrangement, which involves the acquisition of all its stapled securities by Frasers Property Hospitality Trust Holdings. This move, sanctioned by the court, will lead to the payment of scheme consideration and the eventual delisting of Frasers Hospitality Trust, impacting its stakeholders and market positioning.
The most recent analyst rating on (SG:ACV) stock is a Hold with a S$0.50 price target. To see the full list of analyst forecasts on Frasers Hospitality Trust stock, see the SG:ACV Stock Forecast page.
More about Frasers Hospitality Trust
Frasers Hospitality Trust is a Singapore-based entity involved in the hospitality industry, comprising Frasers Hospitality Real Estate Investment Trust and Frasers Hospitality Business Trust. It is managed by Frasers Hospitality Asset Management Pte. Ltd. and Frasers Hospitality Trust Management Pte. Ltd., focusing on real estate investment and business trust operations in the hospitality sector.
Average Trading Volume: 2,400,031
Technical Sentiment Signal: Buy
Current Market Cap: S$1.37B
See more insights into ACV stock on TipRanks’ Stock Analysis page.