Singapore’s Frasers Hospitality Trust said on Monday a S$1.35 billion ($966.49 million) proposal to take the trust private had fallen through as it failed to garner the required shareholder approval.
Frasers Property Ltd, part of Thai tycoon Charoen Sirivadhanabhakdi’s TCC Group, offered to buy out the rest of the stake in the trust it does not already own at S$0.70 per share.
