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Frasers Hospitality Trust ( (SG:ACV) ) has provided an announcement.
Frasers Hospitality Trust announced the proposed privatization through a trust scheme of arrangement. The scheme involves the acquisition of all stapled securities by Frasers Property Hospitality Trust Holdings, excluding those held by TCC Group Investments Limited and Frasers Property Limited. This privatization move is sanctioned by the court and follows the Singapore Code on Take-overs and Mergers, potentially impacting stakeholders by consolidating control under the Offeror.
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 operates in the real estate investment sector, focusing on hospitality assets. It comprises Frasers Hospitality Real Estate Investment Trust and Frasers Hospitality Business Trust, both managed by Frasers Hospitality Asset Management Pte. Ltd. and Frasers Hospitality Trust Management Pte. Ltd., respectively. The company is based in Singapore and targets investments in hospitality properties.
Average Trading Volume: 2,294,341
Technical Sentiment Signal: Buy
Current Market Cap: S$1.37B
Learn more about ACV stock on TipRanks’ Stock Analysis page.