The managers of Frasers Hospitality Trust (FHT), in a filing on April 8, have replied to media queries concerning a strategic option involving the trust.
However, they have refuted any confirmation of any transaction, saying that “there is no certainty or assurance that any transaction will result from such review, and the managers may decide to continue with FHT’s existing business strategy”.
“From time to time, the managers review strategic options to enhance and unlock value for stapled securityholders of FHT, including but not limited to bona fide proposals from all parties,” continues the statement.
As at April 8, FHT has not received any written proposals, and no decisions have been taken in.
The managers add that they will issue an update should any material development take place.
As at 9.31am, units in FHT are trading 0.5 cent higher or 0.88% up at 57.5 cents.
