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Frasers Hospitality Trust ( (SG:ACV) ) has issued an update.
Frasers Hospitality Trust announced that its Stapled Securityholders have approved the proposed privatization scheme at a recent meeting. The resolution received the necessary majority, and the next step involves seeking court sanction for the scheme. This move is aimed at maximizing value for stakeholders, with the company focusing on completing the transaction efficiently.
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 part of the Frasers Property Group and operates in the real estate investment sector, focusing on hospitality assets. It manages a portfolio of hotels and serviced residences, primarily targeting the hospitality market.
Average Trading Volume: 3,222,546
Technical Sentiment Signal: Buy
Current Market Cap: S$1.36B
Learn more about ACV stock on TipRanks’ Stock Analysis page.