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Frasers Hospitality Trust Faces Legal Setback in Malaysia

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Frasers Hospitality Trust Faces Legal Setback in Malaysia

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Frasers Hospitality Trust ( (SG:ACV) ) has provided an announcement.

Frasers Hospitality Trust has announced that the Malaysia Court of Appeal has overturned a previous High Court decision in favor of NVSB, citing procedural grounds rather than substantive issues. The company is consulting with professional advisers to consider its options and will provide further updates as developments occur.

More about Frasers Hospitality Trust

Frasers Hospitality Trust is a hospitality stapled group consisting of Frasers Hospitality Real Estate Investment Trust and Frasers Hospitality Business Trust, both established under Singaporean law in 2014. The company focuses on real estate investment and business trust management within the hospitality sector.

YTD Price Performance: 8.62%

Average Trading Volume: 2,694,030

Technical Sentiment Signal: Sell

Current Market Cap: S$1.21B

See more data about ACV stock on TipRanks’ Stock Analysis page.

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