Frasers Property Limited (FPL) is asking shareholders to approve a $674.3m restructuring of its hospitality portfolio, following the group's 2025 privatisation of Frasers Hospitality Trust (FHT). The deal represents 7.7% of FPL's net tangible assets as at 30 September 2025 — above the 5% threshold that triggers mandatory shareholder approval. Under the plan, FPL will sort its 14 FHT hotels—ten stabilised assets and assets with potential, including Frasers House Singapore, The Westin Kuala Lumpur, and Fraser Suites Queens Gate London.