The daughter of SC Capital’s chairman closes in on the purchase of a Singapore home linked to the co-founder of failed crypto firm Three Arrows Capital, with that report leading today’s headline roundup. Also in the news, a Tokyo penthouse… Read More>>
Frasers Property Chairman Charoen Retires as Developer Welcomes New Directors
Thai billionaire Charoen Sirivadhanabhakdi has retired from his role as chairman of Frasers Property as part of a board refresh at the Singapore-based real estate giant.
Charoen, the 80-year-old patriarch of Frasers Property’s controlling family, stepped down on 8 February… Read More>>
ThaiBev, TCC Assets Complete $1.7B Frasers Property Share Swap
ThaiBev, the SGX-listed beverage and food giant founded by billionaire Charoen Sirivadhanabhakdi, has completed the transfer of its stake in Frasers Property to a private vehicle controlled by the Thai liquor tycoon, as part of a S$2.1 billion ($1.7 billion)… Read More>>
ThaiBev Proposes $1.6B Frasers Share Swap in Bid to Boost Valuation
ThaiBev, the SGX-listed beverage and food giant founded by Thai billionaire Charoen Sirivadhanabhakdi, has agreed to transfer its stake in Frasers Property to a private vehicle controlled by Sirivadhanabhakdi, as part of a proposed share swap intended to boost the… Read More>>
Frasers Property Appoints Chairman’s Son to Board as 5 Directors Exit
Frasers Property Ltd, the Singapore-listed real estate giant chaired by Thai billionaire Charoen Sirivadhanabhakdi, has appointed Charoen’s son Thapana to the company’s board and at the same time announced the retirements of five directors.
In a statement dated 12 December,… Read More>>
Singapore’s Frasers Property Makes $970M Buyout Offer for Hospitality Trust
Frasers Property is proposing to take SGX-listed Frasers Hospitality Trust private in an all-cash deal that values the REIT at S$1.35 billion ($970 million), according to a joint announcement on Monday, as the hospitality sector continues to face headwinds.
Also… Read More>>
Frasers Launches $950M Share Sale to Fuel Industrial and Business Park Acquisitions
Thai billionaire Charoen Sirivadhanabhakdi is building up a war chest for an overseas property-buying spree as companies controlled by the liquor and real estate tycoon announced a nearly billion-dollar capital raise on Monday.
SGX-listed Frasers Property, which is controlled by… Read More>>
Frasers Sells Half of S$1.1B Mall to Thai Cousin at Mark-Up Amid Retail Slump
Despite slumping retail sales, a division of tycoon Charoen Sirivadhanabhakdi’s TCC Group has agreed to purchase half of a suburban Singapore shopping centre from Frasers Property, the SGX-listed developer controlled by the Thai billionaire.
TCC Prosperity’s purchase of the south… Read More>>
ARA, Logos Deal Gets Green Light and More Asia Real Estate Headlines
Logistics leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that Singapore’s competition watchdog has given the go-ahead for the proposed merger of ARA Asset Management’s logistics business into the operations of a leading… Read More>>
Singapore’s Frasers Appoints Former PGIM Exec to Run FCT Retail REIT
The manager of Frasers Centrepoint Trust has chosen a new boss for the retail focused REIT, a move which may strengthen a bridge between the empire of Thai-Chinese tycoon Charoen Sirivadhanabhakdi and one of its recent acquisition targets.
Frasers Centrepoint… Read More>>