Far East Orchard Limited has entered a conditional share purchase agreement with FEO Asset Management Pte. Ltd. to acquire additional shares in the managers of Far East Hospitality Trust, Singapore.
The agreement, dated 2 October 2026, covers 886,200 shares in FEO Hospitality Asset Management Pte. Ltd., the manager of Far East Hospitality Real Estate Investment Trust, representing 42.0% of its issued shares. It also covers 63,042 shares in FEO Hospitality Trust Management Pte. Ltd., the trustee-manager of Far East Hospitality Business Trust, also representing 42.0% of its issued shares.
Far East Orchard currently owns 33.0% of the two managers, with FEO Asset Management holding the remaining 67.0%. Completion of the transaction is subject to conditions precedent in the share purchase agreement.
Ownership shift
Once the transaction completes, the managers will be 75.0% owned by Far East Orchard and 25.0% owned by FEO Asset Management. The transaction is expected to be completed by the end of 2026.
The managers said stapled securityholders of Far East Hospitality Trust should refrain from taking any action regarding their stapled securities that could be prejudicial to their interests. They advised securityholders to exercise caution when dealing with the stapled securities and other related securities, and to consult professional advisers if in doubt.
