Frasers Hospitality Trust pre-markets IPO

Singapore Reit hopes to catch a positive tailwind from renewed investor interest in the sector.

Frasers Hospitality Trust pre-markets IPO
The Singapore Intercontinental

Frasers Hospitality Trust FHT has entered the second week of pre-marketing for Singapore’s first Reit in five months. Its deal has been timed to take advantage of a recent rally in S-Reit stocks, which have recouped some of 2013’s losses.

FHT represents a merger between the hospitality assets of Frasers Centrepoint Ltd FCL and TCC Assets - the privately-held arm of one of Thailand’s richest billionaires, Charoen Sirivadhanabhakdi, who also owns ThaiBev. FCL itself...

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