Staff Reporter
,
Singapore
It promises a 7% dividend yield.
There may be exciting things in store for Fraser Hospitality Trust’s Singapore IPO, which is set to start selling next week.
According to OSK DMG, the trust will include assets from Thai tycoon Charoen Sirivadhanabhakdi's Frasers Centerpoint and TCC land.
“Frasers Hospitality Trust plans to offer a dividend yield of 7% for the 2015 financial year in its IPO. The trust, which will be backed by 6 hotels and 6 serviced residences, is set to start selling units at 88cts each next week,” noted OSK DMG.
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