Only 74.88% of shareholder votes were cast in favour of the take-private resolution, compared with the 75% required for the resolution to pass.
($1 = 1.3968 Singapore dollars)
(Reporting by Harshita Swaminathan; Editing by Anil D'Silva)
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(Reuters) - Singapore's Frasers Hospitality Trust said on Monday a proposal to take the trust private in a S$1.35 billion ($966.49 million) deal had fallen through due to the failure to get enough shareholder vote in favor of the deal.
Only 74.88% of shareholder votes were cast in favour of the take-private resolution, compared with the 75% required for the resolution to pass.
($1 = 1.3968 Singapore dollars)
(Reporting by Harshita Swaminathan; Editing by Anil D'Silva)
1st Jan change | Capi. | |
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-8.08% | 655M | |
-4.33% | 31.19B | |
-4.62% | 13.06B | |
-6.81% | 12.18B | |
-2.82% | 6.26B | |
-10.90% | 3.58B | |
+5.23% | 3.39B | |
-9.09% | 2.52B | |
+22.83% | 2.5B | |
-5.79% | 2.4B |