Singapore's Frasers Hospitality take-private deal fails to gain approval

Frasers Hospitality Trust

12/09/2022 11:16

Sept 12 (Reuters) - Singapore's Frasers Hospitality Trust
 FRHO.SI  said on Monday a proposal to take the trust private in
a S$1.35 billion ($966.49 million) deal had fallen through due
to the failure to get enough shareholder vote in favor of the
deal.
    Only 74.88% of shareholder votes were cast in favour of the
take-private resolution, compared with the 75% required for the
resolution to pass. 

($1 = 1.3968 Singapore dollars)

 (Reporting by Harshita Swaminathan; Editing by Anil D'Silva)
 ((Harshita.Swaminathan@thomsonreuters.com;))