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Frasers Hospitality Trust ( (SG:ACV) ) has provided an announcement.
Frasers Hospitality Trust is undergoing a proposed privatisation through a trust scheme of arrangement, as announced by Merrill Lynch (Singapore) Pte. Ltd. This move involves the acquisition of all issued stapled securities of the trust, excluding those held by certain major stakeholders, in compliance with the Singapore Code on Take-overs and Mergers. Merrill Lynch, along with other financial advisers, is facilitating this acquisition. The announcement also disclosed recent dealings by Merrill Lynch International, involving the sale of 100 stapled securities at SGD 0.71 each, as part of hedging related to index-tracking swaps.
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 within the hospitality industry, focusing on real estate investment and management. It provides hospitality services through its trust holdings and is involved in managing and investing in hospitality-related assets.
Average Trading Volume: 3,105,832
Technical Sentiment Signal: Buy
Current Market Cap: S$1.37B
See more data about ACV stock on TipRanks’ Stock Analysis page.