The proposed combination of Ascott Residence Trust (Ascott Reit) and Ascendas Hospitality Trust (A-HTRUST) received the approval of over 99% of the total number of votes from unitholders at their respective Extraordinary General Meetings (EGMs) and Scheme Meetings held in Singapore.

The combined entity, Ascott Re Trust, will cement it’s position as the largest hospitality trust in Asia Pacific.

Main picture : Ms Beh Siew Kim, ARTML’s CEO, shared with unitholders the benefits of Ascott Star Rewards (ASR) after Ascott Reit EGM and Scheme Meeting.

Media Statement – Proposed combination of Ascott Reit and A-HTRUST receives strong approval of over 99 percent of votes from unitholders