Home News Tourism

Singapore's Frasers Hospitality said to weigh going private

Bloomberg4/8/2022 06:29 PM GMT+08  • 2 min read
Singapore's Frasers Hospitality said to weigh going private
FHT may be considering a plan to go private, according to Bloomberg.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Singapore-based Frasers Hospitality Trust is considering a plan to go private amid concerns that its share price doesn’t reflect the company’s value, people with knowledge of the matter said. Its shares jumped.

The real estate investment trust has received board approval to explore a privatisation and hired a financial adviser, the people said, asking not to be identified because the matter is confidential. The company may choose not to proceed if the deal structure isn’t favourable, they added.

Shares of Frasers Hospitality spiked as much as 7.9%, the most since November 2020, after the Bloomberg News report. The stock is currently trading 5.3% higher, giving it a market value of S$1.16 billion ($850 million). The benchmark Straits Times Index is down 0.8%.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now