Frasers Hospitality Trust Announces Proposed Privatization

Frasers Hospitality Trust ( (SG:ACV) ) just unveiled an announcement.

Frasers Hospitality Trust is undergoing a proposed privatization through a trust scheme of arrangement, where all issued stapled securities will be acquired by the Offeror, excluding those held by TCC Group Investments Limited and Frasers Property Limited. Merrill Lynch (Singapore) Pte. Ltd., along with other financial advisers, is assisting in this acquisition process. The move is in compliance with the Singapore Code on Take-overs and Mergers, and recent dealings include the sale of 100 stapled securities by Merrill Lynch International as part of a hedging strategy.

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 managing and investing in real estate assets such as hotels and serviced residences. It is part of the larger Frasers Property Group, which has a significant presence in the real estate market.

Average Trading Volume: 4,246,281

Technical Sentiment Signal: Buy

Current Market Cap: S$1.35B

Learn more about ACV stock on TipRanks’ Stock Analysis page.