F&N the latest group to spin off property assets

The Singapore-based group, bought this year by Thai billionaire Charoen Sirivadhanabhakdi after a protracted takeover battle, said it planned to list Frasers Centrepoint in the city-state by the end of the year.
The group, bought this year by Thai billionaire Charoen Sirivadhanabhakdi after a protracted takeover battle, said it planned to list Frasers Centrepoint (FC) in the city-state by the end of the year.
The group, bought this year by Thai billionaire Charoen Sirivadhanabhakdi after a protracted takeover battle, said it planned to list Frasers Centrepoint (FC) in the city-state by the end of the year.

Fraser and Neave FN, the Singapore-based property-to-drinks conglomerate, has become the latest company to attempt a spin-off of a property arm.

The group, bought this year by Thai billionaire Charoen Sirivadhanabhakdi after a protracted takeover battle, said it planned to list Frasers Centrepoint FC in the city-state by the end of the year.

FN shareholders will receive two FC shares for every FN share owned, leaving the property division as a separately listed entity.

The move, subject to shareholder and regulatory approval, is part of efforts by TCC, the Thai conglomerate controlled by Charoen, to focus on FN’s...

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