FHT stapled securities started the year at 50 cents on Jan 2. They reached a 52-week low of 42 cents multiple times, in June, July, August and end-November.
The managers of Frasers Hospitality Trust (SGX:ACV
) (FHT), a stapled group comprising Frasers Hospitality REIT and Frasers Hospitality Business Trust, say they are unaware of the “specific reason” behind a nearly 40% surge in the price of FHT’s stapled securities over the past month.
In a Dec 31 bourse filing, the managers note “significant movements in the price and trading volume of FHT’s stapled securities recently”, but also add that they are in compliance with listing rules concerning disclosure of material information.
