General Announcement::SGX welcomes Frasers Hospitality Trust to Mainboard

Issuer & Securities

Issuer/ Manager
SINGAPORE EXCHANGE LIMITED
Securities
SINGAPORE EXCHANGE LIMITED - SG1J26887955 - S68

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
14-Jul-2014 14:30:58
Status
New
Announcement Sub Title
SGX welcomes Frasers Hospitality Trust to Mainboard
Announcement Reference
SG140714OTHR5B6Y
Submitted By (Co./ Ind. Name)
Loh Wei Ling
Designation
Vice President
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) is pleased to welcome Frasers Hospitality Trust (FHT) to Mainboard under the stock code of ACV .

FHT s portfolio includes 12 properties, consisting of six hotels and six serviced residences located in Singapore, Australia, the United Kingdom, Japan and Malaysia. It is a hospitality stapled group comprising Frasers Hospitality Real Estate Investment trust and Frasers Hospitality Business Trust.

Eu Chin Fen, CEO of the REIT Manager and Trustee-Manager, said: FHT is the first global hotel and serviced residence trust listed in Singapore, offering investors exposure to the favourable hospitality sector fundamentals worldwide. We look forward to building a success story with FHT s strengths, and leveraging on the support of our Sponsor and Strategic Partner. Together with our strong Board and experienced management team, we will strive to deliver stable and growing distributions to our investors.

Magnus B cker, CEO of SGX, said: We are proud to welcome Frasers Hospitality Trust to SGX. Their global hotel and serviced residence assets add to the diversity of our established REITs and property trusts, providing our investors with more choices.

With an estimated IPO market capitalisation of $1.05 billion, Fraser Hospitality Trust brings the total number of SGX REITs and Property Trusts to 38 with a combined market capitalisation of close to $70 billion.

-End-

Attachments

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