Far East Hospitality Trust debuts in SGX-ST Mainboard

Trading opened at $0.98 per Stapled Security,5.4% above its offer price.

Far East Hospitality Trust (“Far East H-Trust”) (SGX Code: Q5T; Bloomberg ticker: FEHT SP Equity), which comprises Far East H-REIT and Far East H-BT, is the first and only Singapore-focused hotel and serviced residence hospitality trust, began trading at the opening price of S$0.98 per Stapled Security or a 5.4% increase over its offering price of S$0.93 on the SGX-ST Mainboard today.

The Stapled Securities continued to trade above the offering price throughout the session to close at S$0.95 with approximately 95.7 million Stapled Securities changing hands, making it one of the most actively traded counters on the SGX-ST today.

Mr Gerald Lee, Chief Executive Officer of the REIT Manager commented, “Our successful trading debut gets us off to a positive start and attests to the market’s confidence in the fundamentals and growth prospects of Far East H-Trust. We will continue to work hard to generate sustainable value for investors through strategic acquisitions, active asset management as well as prudent capital management.”

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