The offer price of 71 cents implies 1.11 times P/NAV, which beats the implied P/NAV of other previous S-REIT privatisations' 1.04 times.
Frasers Property is making a second attempt to privatise Frasers Hospitality Trust (SGX:ACV
) by offering 71 cents per stapled security via a scheme of arrangement.
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.
