Frasers Hospitality Trust ("FHT") is a stapled group comprising Frasers Hospitality Real Estate Investment Trust ("FH-REIT") and Frasers Hospitality Business Trust ("FH-BT").
The units in FH-REIT and the units in FH-BT are stapled together under the terms of a stapling deed dated 20 June 2014 ("Stapling Deed") entered into between Frasers Hospitality Asset Management Pte. Ltd., as manager of FH-REIT ("REIT Manager"), Perpetual (Asia) Limited (formerly known as The Trust Company (Asia) Limited), as trustee of FH-REIT ("REIT Trustee"), and Frasers Hospitality Trust Management Pte. Ltd., as trustee-manager of FH-BT ("Trustee-Manager", and together with the REIT Manager, the "Managers"), to form stapled securities in FHT ("Stapled Securities", and each a "Stapled Security"). Each Stapled Security, consisting of one FH-REIT and one FH-BT unit, is treated as a single instrument. The Stapled Securities are listed on the Mainboard of the SGX-ST.
FH-REIT is a real estate investment trust ("REIT") constituted in Singapore by a trust deed dated 12 June 2014 made between the REIT Manager and the REIT Trustee, as amended and restated by an amending and restating deed dated 20 June 2014 ("FH-REIT Trust Deed") and as amended and supplemented from time to time. FH-REIT is a collective investment scheme under the Securities and Futures Act, Chapter 289 of Singapore (the "SFA").
The REIT Manager has been issued a Capital Markets Services Licence ("CMS Licence") by the Monetary Authority of Singapore ("MAS") under the licensing regime for REIT managers under the Securities and Futures Act ("SFA") to conduct REIT management activities.
FH-BT is a business trust constituted in Singapore by a trust deed dated 20 June 2014 ("FH-BT Trust Deed", and together with the FH-REIT Trust Deed and the Stapling Deed, the "Trust Deeds") made by the Trustee-Manager. FH-BT is registered as a business trust under the Business Trusts Act, Chapter 31A of Singapore (the "BTA").