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The latest announcement is out from Frasers Property ( (SG:TQ5) ).
Frasers Property Hospitality Trust has announced a proposed privatization through a trust scheme of arrangement. This move involves the acquisition of all stapled securities by Frasers Property Hospitality Trust Holdings Pte. Ltd., excluding those held by TCC Group Investments Limited and Frasers Property Limited. The scheme has received court sanction, indicating a significant restructuring aimed at consolidating control and potentially optimizing operational efficiencies within the hospitality sector.
The most recent analyst rating on (SG:TQ5) stock is a Hold with a S$1.00 price target. To see the full list of analyst forecasts on Frasers Property stock, see the SG:TQ5 Stock Forecast page.
More about Frasers Property
Frasers Property Hospitality Trust is a Singapore-based entity involved in the hospitality sector, comprising the Frasers Hospitality Real Estate Investment Trust and the Frasers Hospitality Business Trust. It is managed by Frasers Hospitality Asset Management Pte. Ltd. and Frasers Hospitality Trust Management Pte. Ltd., focusing on real estate investments and business trust operations within the hospitality industry.
Average Trading Volume: 322,392
Technical Sentiment Signal: Buy
Current Market Cap: S$4.04B
For a thorough assessment of TQ5 stock, go to TipRanks’ Stock Analysis page.