Frasers Hospitality Trust's ANA Crowne Plaza Kobe (Photo: Frasers Hospitality Trust)

Frasers Hospitality Trust (FHT) finished the trading day on 13 September about 22% lower from its previous close, after a bid to privatise the entity was rejected by unitholders.

The trust finished the trading day at SGD0.55, down from SGD0.705 previously.

And the plunge in unit price came amid a thin volume of married deals, which denotes that the decline was caused largely by regular market activity.

Related: Frasers Hospitality Trust sets out plans should privatisation bid fails


Dear members, please login to continue reading this article.

Don’t miss out on information beyond mainstream media reports that may impact your investments.
Login or sign-up for a free 25-day trial here. Why subscribe?

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.