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Frasers Hospitality Trust’s Privatization Scheme Receives Court Sanction

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Frasers Hospitality Trust’s Privatization Scheme Receives Court Sanction

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An update from Frasers Hospitality Trust ( (SG:ACV) ) is now available.

Frasers Hospitality Trust announced the court’s sanctioning of its proposed privatization through a trust scheme of arrangement. This development marks a significant step towards the scheme’s effectiveness, pending the fulfillment or waiver of all conditions as per the Implementation Agreement. The privatization is expected to impact the company’s market operations and stakeholder interests by potentially altering its public trading status.

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 is a combination of Frasers Hospitality Real Estate Investment Trust and Frasers Hospitality Business Trust, both established under the laws of the Republic of Singapore. The company operates in the real estate investment sector, focusing on hospitality properties.

Average Trading Volume: 2,792,774

Technical Sentiment Signal: Buy

Current Market Cap: S$1.38B

See more insights into ACV stock on TipRanks’ Stock Analysis page.

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