Ascendas Hospitality Trust managers reviewing strategic options

December 23, 2015 5:37 AM

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SINGAPORE Dec 23 Ascendas Hospitality Trust managers said they were reviewing options after receiving an unsolicited expression of interest to buy out all its stapled securities, in what could be further consolidation in Singapore's property trusts.

Ascendas Hospitality Trust is a stapled trust comprising of Ascendas Hospitality Real Estate Investment Trust and Ascendas Hospitality Business Trust. A stapled security is an arrangement under which different securities are quoted jointly.

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