Novotel Melbourne on Collins

SINGAPORE (July 27): The managers of Frasers Hospitality Trust (FHT) have declared a distribution per stapled security (DPS) of 1.2374 cent for the third quarter ended June, down 18.2% from its DPS of 1.5126 in the same quarter a year ago.

SINGAPORE (Oct 11): The managers of Frasers Hospitality Trust (FHT) say its rights issue was oversubscribed at 141.3% with valid acceptances and excess applications for a total of 624 million rights stapled securities received as at Oct 7.

SINGAPORE (Sept 10): Frasers Hospitality Trust (FHT) is undertaking a rights issue to raise $266.3 million to fund the acquisition of hotel Novotel Melbourne on Collins plus 72 car park lots for a total consideration of A$237 million ($245.4 million).