FHT's stapled securities have gained 5.26% year to date and in the past 12 months, up by more than 30%.
On New Year's eve last year, FHT, in response to a 40% gain in the price of its stapled securities within a month, clarified that it wasn't aware of what might have caused the movement and that it remains in compliance of applicable rules.
Frasers Property, the sponsor, tried to privatise FHT back in Sept 2022 at 70 cents per stapled security but was voted down by shareholders by a narrow margin.
In its April 23 announcement, FHT says it will make the appropriate announcement(s) in due course in the event of any material development which warrants disclosure.
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FHT closed April 23 at 61 cents, up 0.83%.
