In a reasoning that is bound to raise questions over its hedging strategies, Frasers Hospitality Trust (FHT) has pointed to foreign exchange (FX) volatility as a major factor behind its bid to go private.
In response to questions at a briefing on 13 June, CEO of FHT’s manager, Eu Chin Fen, described the present level of FX volatility as one that she did not anticipate.
FHT’s manager announced earlier the same day that it is seeking to privatise the hospitality trust via a trust scheme.
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