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Frasers Hospitality Trust ( (SG:ACV) ) has issued an update.
Frasers Hospitality Trust has announced a proposed privatization through a trust scheme of arrangement, which involves the acquisition of all issued stapled securities by Frasers Property Hospitality Trust Holdings. This move requires approval from the stapled securityholders and the High Court of Singapore’s leave to convene a Scheme Meeting, indicating a strategic shift in the company’s operational structure.
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 Singapore-based entity comprising Frasers Hospitality Real Estate Investment Trust and Frasers Hospitality Business Trust. It operates within the real estate investment sector, focusing on hospitality assets.
Average Trading Volume: 4,410,799
Technical Sentiment Signal: Buy
Current Market Cap: S$1.34B
See more data about ACV stock on TipRanks’ Stock Analysis page.