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An announcement from Frasers Hospitality Trust ( (SG:ACV) ) is now available.
Frasers Hospitality Trust is set to undergo privatization through a trust scheme of arrangement, as announced by Merrill Lynch (Singapore) Pte. Ltd. The acquisition involves the purchase of all issued stapled securities of Frasers Hospitality Trust by Frasers Property Hospitality Trust Holdings. This move is in compliance with the Singapore Code on Take-overs and Mergers. Merrill Lynch, along with other financial advisers, is facilitating this acquisition. This privatization could potentially streamline operations and enhance strategic flexibility for Frasers Hospitality Trust, impacting its stakeholders and market positioning.
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 operates in the hospitality industry, focusing on real estate investment and management. It is involved in the acquisition and management of hospitality assets, providing services to enhance the value of its properties.
Average Trading Volume: 4,067,713
Technical Sentiment Signal: Buy
Current Market Cap: S$1.34B
See more insights into ACV stock on TipRanks’ Stock Analysis page.