Frasers Hospitality Trust (FHT) has described its privatisation scheme as one that has been conceived in the best interest of unitholders, and is confident that the bid will be approved at an upcoming extraordinary general meeting (EGM).
FHT first announced in June 2022 that it is seeking to privatise the hospitality trust via a trust scheme.
The trust has cited difficult operating conditions post-COVID, and foreign exchange (FX) rates volatility as major reasons that have prompted the privatisation bid.
Related: Frasers Hospitality Trust points to FX volatility as major factor behind privatisation bid
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