Frasers Hospitality Trust (FHT)

[RBM]

Dejavu with 2022? Maybe this time it will pass with the Aus tax higher tax issue holding OPMIs hostage?

Frasers Hospitality Trust undergoes strategic review

In June 2022, Frasers Property Hospitality Trust, a wholly owned subsidiary of FHT’s sponsor Frasers Property, proposed to acquire all FHT stapled securities aside from those held by itself, its subsidiaries and TCC Group Investments at a cash consideration of S$0.70 apiece.

The proposed privatisation, which would have erased more than S$1.3 billion worth of value from the local bourse if it succeeded then, came after the hospitality-focused S-Reit announced a strategic review of its business earlier in April that year.

https://www.businesstimes.com.sg/compani...gic-review

I voted against 3 years ago. Soon after the (just) failed privatisation, FHT’s share price tanked but I held on. I believe FHT was poorly advised last time (by DBS), with misleading materials distributed to shareholders, alienating a significant portion of them. I wonder if FHT will appoint a more accomplished advisor this time.

I suggest it is difficult to believe that last year’s surge in FHT’s share price was due to anything other than an “awareness” that this latest “Strategic Review” was a probability. Will our Regulator’s antennae be raised? Or, more-to-the-point, will they do anything about it? I ain’t holding my breath.

Vested - and if any suitor wants that to change that they’ll need to do a far more convincing job than that done in 2022.