Frasers Property, the sponsor, tried to privatise FHT back in September 2022 at 70 cents per stapled security but was voted down by shareholders by a narrow margin.
Frasers Hospitality Trust and its sponsor Frasers Property (SGX:TQ5
) have both called for a trading halt, pending an announcement.
On April 23, FHT said it is conducting a "review" of its strategy, to "ensure alignment" of the interests of its sponsor and stapled security holders.
