Frasers Hospitality Sponsor Makes S$0.70 Per Share Offer for Privatization

News about Frasers Hospitality Trust

Frasers Property, the sponsor of Frasers Hospitality Trust, is seeking to take over the trust with a S$0.70 per share offer.

Company executives expect the deal to be completed by the fourth quarter, subject to shareholders' approval.

The trust is one of the smaller hospitality REIT in Singapore and has struggled with the COVID situation and its impact on tourism.

Frasers Hospitality Trust
Price0.695 SGD
NAV0.650 SGD
Yield (4 quarters)2.17%
Gearing42.3%