Far East Orchard to buy 42% stake in Far East Hospitality Trust managers for S$28.3 million
Bitget2026/10/04 23:31Far East Orchard agreed to buy 42% stakes in FEO Hospitality Asset Management and FEO Hospitality Trust Management from FEO Asset Management. Deal lifts Far East Orchard’s ownership in both managers to 75% from 33%; seller’s stake falls to 25% from 67%. Consideration totals S$ 28.3 million for the asset manager stake; trustee-manager stake priced at S$ 1. FEO Hospitality Asset Management will distribute 165,234,872 Far East Hospitality Trust stapled securities in specie before completion. Completion targeted by end-2026; total acquisition cost estimated at about S$ 29.8 million, funded in cash from internal resources. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Far East Orchard Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: UYOU2BFIVUNEEPCM) on October 04, 2026, and is solely responsible for the information contained therein.
- Far East Orchard agreed to buy 42% stakes in FEO Hospitality Asset Management and FEO Hospitality Trust Management from FEO Asset Management.
- Deal lifts Far East Orchard’s ownership in both managers to 75% from 33%; seller’s stake falls to 25% from 67%.
- Consideration totals S$ 28.3 million for the asset manager stake; trustee-manager stake priced at S$ 1.
- FEO Hospitality Asset Management will distribute 165,234,872 Far East Hospitality Trust stapled securities in specie before completion.
- Completion targeted by end-2026; total acquisition cost estimated at about S$ 29.8 million, funded in cash from internal resources.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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