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FHT shareholders vote against scheme resolution for privatisation

Felicia Tan
Felicia Tan9/12/2022 05:49 PM GMT+08  • 1 min read
FHT shareholders vote against scheme resolution for privatisation
Frasers Property (FPL) and the manager of FHT, on June 13, announced their offer of 70 cents per FHT unit to FHT’s unitholders.
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Frasers Hospitality Trust’s (FHT) unitholders are opting to not go with the trust’s scheme of arrangement to privatise the hospitality trust for now.

During the trust’s extraordinary general meeting (EGM) held on Sept 12, unitholders who were present at the EGM and held 74.88% of the units in FHT, voted for the arrangement. The percentage missed the 75.0% mark narrowly by just 0.12 percentage points.

In contrast, unitholders holding some 25.12% of units in FHT, voted against the arrangement.

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