Frasers Hospitality Trust pre-markets IPO

Singapore Reit hopes to catch a positive tailwind from renewed investor interest in the sector.
The Singapore Intercontinental
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 was spun out of Fraser and Neave this January, after Charoen won control of the Singapore-listed conglomerate in 2013.

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