Second time’s the charm: FHT unitholders vote to privatise trust with 99.21% approval (update)

Frasers Hospitality Trust (FHT) will finally privatise after its unitholders approved the trust’s scheme of arrangement to delist.

At its extraordinary general meeting (EGM) on Aug 15, stapled securityholders holding 321.2 million units in FHT or 99.21% of the trust's units, voted “for” the proposed scheme, while 0.79% voted “against”.