FHT securityholders approve privatisation scheme

It passed with more than 50% in number.

Frasers Hospitality Asset Management Pte. Ltd., manager of Frasers Hospitality Real Estate Investment Trust (FH-REIT), and Frasers Hospitality Trust Management Pte. Ltd., trustee-manager of Frasers Hospitality Business Trust (FH-BT), have announced that stapled securityholders have approved the proposed privatisation scheme.

The resolution received the required support, surpassing both thresholds: more than 50% in number and at least 75% in value of the stapled securities held by voting stapled securityholders, whether present in person or by proxy.

The FHT Managers will now seek the Court’s sanction of the Scheme.

Securityholders should check FHT’s SGXNet announcements for updates on the Scheme’s effective date, payment schedule, and delisting.

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