Frasers Property shareholders approve S$2.1 billion hospitality portfolio revamp
The transaction is expected to be completed by end-FY2026
Real estate firm Frasers Property's shareholders voted to approve a major revamp of its hospitality assets at an extraordinary general meeting on Aug 28. The proposal, taken private in 2025, aims to optimize the portfolio and boost shareholder value. 99.07% of present and voting shareholders, representing over 159 million shares, supported the resolution, while 1.9% opposed it.
Frasers Hospitality CEO Eu Chin Fen stated that the group will now work on the implementation, which includes receiving necessary approvals. The revamp will involve four categories of assets: mature, lower-yielding stabilised assets, assets with higher yields via value-enhancement initiatives, non-core assets, and a potential redevelopment site for Valley Point.
The optimisation is expected to raise earnings per share by 3.4%, net asset value per share by 1.3%, and return on equity by 0.1 percentage point.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Frasers Property shareholders approve S$2.1 billion hospitality portfolio revamp businesstimes.com.sg
