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FRASERS HOSPITALITY TRUST ANNUAL REPORT 2015
Frasers Hospitality Business Trust (“FH-BT”) has been dormant since the listing of Frasers Hospitality Trust (“FHT”) on the
Main Board of the Singapore Exchange Securities Trading Limited (“SGX-ST”) on 14 July 2014.
Although FH-BT is dormant, the board of directors of the Trustee-Manager (the “Trustee-Manager Board”) is committed
to comply with the requirements under the Listing Manual, the Singapore Business Trusts Act, Chapter 31A (the “BTA”)
and the Business Trusts Regulations 2005 (the “BTR”) (except where waivers have been obtained from the Monetary
Authority of Singapore (the “MAS”) and disclosed in the Initial Public Offering (“IPO”) prospectus of FHT), the Securities
and Futures Act, Chapter 289 of Singapore (the “SFA”) as well as the FH-BT Trust Deed and the Stapling Deed.
When FH-BT becomes active, the key roles of the Trustee-Manager Board will be to:
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management skills with integrity and enterprise;
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place and enforced.
The Trustee-Manager has the dual responsibilities of safeguarding the interests of the holders of FH-BT units (the
“FH-BT Unitholders”), and managing the business conducted by FH-BT. The Trustee-Manager has general powers
of management over the business and assets of FH-BT and its main responsibility is to manage FH-BT’s assets and
liabilities for the benefit of the FH-BT Unitholders as a whole.
The Trustee-Manager, in exercising its powers and carrying out its duties as FH-BT’s trustee-manager, is required to:
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different classes (if any) fairly;
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Deed and the Stapling Deed;
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Trusts) (No. 2) Regulations 2005 by any other person that:
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relates to FH-BT; and
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has had, has or is likely to have, a material adverse effect on the interests of all the FH-BT Unitholders, or
any class of FH-BT Unitholders;
as a whole, as soon as practicable after the Trustee-Manager becomes aware of the contravention;
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distinct from the property held in its own capacity.
In the event that FH-BT becomes active, the Trustee-Manager will:
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manager in accordance with the BTA and the FH-BT Trust Deed;
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Unitholders as a whole over its own interests in the event of a conflict between the interests of all FH-BT
Unitholders as a whole and its own interests;
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directly or indirectly, an advantage for itself or for any other person to the detriment of the FH-BT Unitholders;
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FH-BT Trust Deed;
STATEMENT ON THE POLICIES AND PRACTICES IN RELATION TO
THE MANAGEMENT AND GOVERNANCE OF THE TRUST
