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Frasers Hospitality Trust ( (SG:ACV) ) has provided an update.
Frasers Hospitality Trust has announced its delisting from the Singapore Exchange, effective immediately, as part of a proposed privatization through a trust scheme of arrangement. This move will result in the formation of two private sub-trusts, with FH-REIT and FH-BT ceasing to be an authorized collective investment scheme and a registered business trust, respectively. The delisting marks a significant shift in the company’s operational structure, potentially impacting its stakeholders and market positioning.
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 real estate investment and business trust sectors, focusing on hospitality-related assets. It comprises Frasers Hospitality Real Estate Investment Trust and Frasers Hospitality Business Trust, both established under Singaporean law in 2014.
Average Trading Volume: 2,524,217
Technical Sentiment Signal: Buy
Current Market Cap: S$1.37B
For a thorough assessment of ACV stock, go to TipRanks’ Stock Analysis page.