Singapore's Frasers Hospitality take-private deal fails to gain approval

(Reuters) - Singapore's Frasers Hospitality Trust said on Monday a proposal to take the trust private in a S$1.35 billion ($966.49 million) deal had fallen through due to the failure to get enough shareholder vote in favor of the deal.

Only 74.88% of shareholder votes were cast in favour of the take-private resolution, compared with the 75% required for the resolution to pass.

($1 = 1.3968 Singapore dollars)

(Reporting by Harshita Swaminathan; Editing by Anil D'Silva)