Abiopharma

Far East Hospitality Trust is a stapled group comprising Far East H-REIT and
Far East H-BT.
Far East H-REIT is a Singapore-based REIT established with the principal
investment strategy of investing on a long-term basis, directly or indirectly,
in a diversified portfolio of income-producing real estate in Singapore, used
primarily for hospitality and/or hospitality-related purposes, whether wholly
or partially, as well as real estate-related assets in connection with the
foregoing.
Far East H-BT is a business trust which will be dormant as at the Listing Date.
It exists primarily as “a master lessee of last resort” and will become active
if Far East H-REIT is unable to appoint a master lessee for any of the
hospitality properties in its portfolio at the expiry of the relevant master
lease agreement or for a newly acquired hospitality property. Far East H-BT may
also become active if it undertakes certain hospitality and hospitality-related
development projects, acquisitions and investments which may not be suitable
for Far East H-REIT.
The principal objective of the manager of Far East H-REIT and the
trustee-manager of Far East H-BT is to deliver regular and stable distributions
to the holders of the stapled securities and to achieve long-term growth in
distributions and the net asset value per stapled security.

Additional info from SGX:

Far East Hospitality Trust is a stapled group comprising Far East H-REIT and
Far East H-BT.
Far East H-REIT is a Singapore-based REIT established with the principal
investment strategy of investing on a long-term basis, directly or indirectly,
in a diversified portfolio of income-producing real estate in Singapore, used
primarily for hospitality and/or hospitality-related purposes, whether wholly
or partially, as well as real estate-related assets in connection with the
foregoing.
Far East H-BT is a business trust which will be dormant as at the Listing Date.
It exists primarily as “a master lessee of last resort” and will become active
if Far East H-REIT is unable to appoint a master lessee for any of the
hospitality properties in its portfolio at the expiry of the relevant master
lease agreement or for a newly acquired hospitality property. Far East H-BT may
also become active if it undertakes certain hospitality and hospitality-related
development projects, acquisitions and investments which may not be suitable
for Far East H-REIT.
The principal objective of the manager of Far East H-REIT and the
trustee-manager of Far East H-BT is to deliver regular and stable distributions
to the holders of the stapled securities and to achieve long-term growth in
distributions and the net asset value per stapled security.