Frasers Property, the sponsor, tried to privatise FHT back in September 2022 at 70 cents per stapled security but was voted down by shareholders by a narrow margin.
FHT closed at 67 cents on May 9, up 16.67% year to date.
Frasers Property closed at 82 cents on May 9, down 12.37% year to date.
Separately, Ossia Internationalhas called for a trading halt as well.
