Frasers Property to privatise Frasers Hospitality Trust at $0.71 per unit

The offer price is 28.6% to 56.8% above FHT’s historical net asset value multiples.

Frasers Property Limited (FPL) and its managed entities have announced plans to privatise Frasers Hospitality Trust (FHT) by acquiring all stapled securities held by public investors at $0.71 each in cash.

The offer price represents a 28.6% to 56.8% premium over FHT’s historical net asset value multiples and over 20% above recent trading prices. The privatisation will be done via a trust scheme of arrangement under Singapore’s Take-over Code.

Since FHT’s 2014 listing, challenges such as currency depreciation, rising interest rates, inflation, Brexit, and COVID-19 have constrained growth in distributions and asset value. A strategic review concluded that privatisation by Frasers Property is the best option to unlock value for securityholders.

FHT faces ongoing headwinds including cost pressures, limited scale, and structural risks inherent in the hospitality sector. The deal offers investors immediate liquidity at a premium and greater certainty amid a difficult market environment.

The transaction now awaits approval from FHT stapled securityholders.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia