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Frasers Hospitality Trust ( (SG:ACV) ) has provided an update.
Frasers Hospitality Trust has announced a proposed privatization through a trust scheme of arrangement. This involves the acquisition of all issued stapled securities by Frasers Property Hospitality Trust Holdings, excluding those held by TCC Group Investments Limited and Frasers Property Limited. The move is aimed at streamlining operations and is in compliance with the Singapore Code on Take-overs and Mergers.
The most recent analyst rating on (SG:ACV) stock is a Buy with a S$0.70 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 real estate investment trust and business trust based in Singapore, focusing on the hospitality sector. It is managed by Frasers Hospitality Asset Management Pte. Ltd. and Frasers Hospitality Trust Management Pte. Ltd.
Average Trading Volume: 2,950,420
Technical Sentiment Signal: Buy
Current Market Cap: S$1.28B
See more data about ACV stock on TipRanks’ Stock Analysis page.