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 was spun out of Fraser and Neave this January, after Charoen won control of the Singapore-listed conglomerate in 2013
Under the lead management of DBS, HSBC, Morgan Stanley, Standard Chartered and UOB, FHT’s deal is being marketed on a fair value...
¬ Haymarket Media Limited. All rights reserved.
