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

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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.