The strategic review outlined the two options or “buckets” available. One was for FHT remaining listed and the other for a privatised FHT.
Eric Gan, CEO of the manager of Frasers Hospitality Trust (SGX:ACV
) (FHT), outlined why stapled securityholders of FHT should accept Frasers Property (SGX:TQ5) ’s (FPL) second privatisation offer. It is among the highest price/net asset value (P/NAV) premiums for an S-REIT privatisation.
The privatisation offer results from a strategic review announced by the FHT managers and their financial advisers, DBS Bank and UOB, to explore options to unlock value.
