Frasers Hospitality Trust (SG:ACV) has released an update.
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Frasers Hospitality Trust has declined the opportunity to acquire Fraser Residence River Promenade, following a divestment notice from Frasers Property Limited. The Trust’s managers determined that the acquisition does not align with FH-REIT’s investment strategy. However, they remain open to considering future opportunities that fit the Trust’s strategic goals.
For further insights into SG:ACV stock, check out TipRanks’ Stock Analysis page.
