The latest announcement is out from Far East Hospitality Trust ( (SG:Q5T) ).
Far East Hospitality Trust has entered into a JPY 2.4 billion sustainability-linked facility agreement with an institutional bank, which includes conditions related to the shareholding interests of its controlling stapled securityholders. These conditions also impose restrictions on changes in the management and ownership of the REIT Manager. A potential Change of Control Event could impact approximately S$746.9 million in facilities, although no breaches have occurred as of the announcement date.
More about Far East Hospitality Trust
Far East Hospitality Trust is a hospitality stapled group that includes Far East Hospitality Real Estate Investment Trust (Far East H-REIT) and Far East Hospitality Business Trust (Far East H-BT). Established under Singaporean law in 2012, the company focuses on real estate investment and business trust management within the hospitality sector.
YTD Price Performance: -11.02%
Average Trading Volume: 1,846,176
Technical Sentiment Signal: Buy
Current Market Cap: S$1.06B
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