Acrophyte Hospitality Trust (SGX:XZL) said the strategic review and assessment of options remain in process, with discussions continuing with the sponsor over a potential transaction of its stapled securities, according to a Thursday Singapore bourse filing.
The hospitality trust says there is no certainty whether the discussions will lead to a transaction and that it will disclose details if there are any updates.
Shares of the trust were up nearly 5% in Friday trading.
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