Frasers Property shareholders approve S$2.1 billion hospitality portfolio revamp
The transaction is expected to be completed by end-FY2026
At Frasers Property's extraordinary general meeting on August 28, shareholders approved a proposed revamp of the company's hospitality assets under Frasers Hospitality Trust, which was taken private in 2025. The transaction, expected to be completed by the end of FY2026, will divest certain assets and focus on creating a more efficient hospitality platform.
Frasers Property CEO Eu Chin Fen stated that the group will work towards implementation of the revamp, which includes receiving necessary regulatory and third-party approvals. The approval marks an important milestone in the group's capital allocation strategy, unlocking capital from mature assets and enhancing financial flexibility.
Frasers Property expects the optimisation to raise its earnings per share by 3.4%, net asset value per share by 1.3%, and return on equity by 0.1 percentage point.
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- Frasers Property shareholders approve S$2.1 billion hospitality portfolio revamp businesstimes.com.sg
