Other conditions include the IFA saying the terms of the scheme is both fair and reasonable.
Frasers Property, FHT's sponsor, had on May 14 announced an offer of 71 cents per unit to make a second attempt to privatise it.
Frasers Property tried to privatise FHT back in September 2022 at 70 cents per stapled security but was voted down by shareholders by a narrow margin.
The current offer price of 71 cents implies 1.11 times P/NAV, which beats the implied P/NAV of other previous S-REIT privatisations' 1.04 times.
See also: CLAS to acquire three rental properties in Japan for 4 billion yen
FHT units last traded at 70 cents on July 11.
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