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Frasers Hospitality Trust ( (SG:ACV) ) just unveiled an update.
Frasers Hospitality Trust is undergoing a proposed privatization through a trust scheme of arrangement, where all issued stapled securities will be acquired by Frasers Property Hospitality Trust Holdings. This move, advised by Merrill Lynch and others, aims to comply with the Singapore Code on Take-overs and Mergers, potentially impacting stakeholders by consolidating ownership and streamlining operations.
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 managing hospitality assets and business trusts, catering to a market that includes hospitality investors and stakeholders.
Average Trading Volume: 3,345,299
Technical Sentiment Signal: Buy
Current Market Cap: S$1.28B
Learn more about ACV stock on TipRanks’ Stock Analysis page.