Frasers Hospitality Trust (SG:ACV) has released an update.
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Frasers Hospitality Trust has announced that its Australian subsidiary, FHT Australia Trust, may no longer meet the conditions for managed investment trust status for FY2024 due to a share swap deal. The deal caused TCC Assets Limited’s effective stake in Frasers Property Limited to rise above the threshold, indirectly affecting the subsidiary’s compliance with the 10% foreign resident individual test. This change was a result of corporate actions beyond the control of Frasers Hospitality REIT and its manager.
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