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Post by odie on Apr 16, 2014 13:14:50 GMT 7
Frasers Centrepoint Limited Frasers Centrepoint Limited (FCL), is headquartered in Singapore and our principal activities are property development, investment and management of commercial property, serviced residences and property trusts. Our Group’s property portfolio comprises properties located in Singapore and overseas, ranging from residential and commercial developments to shopping malls, serviced residences and office and business space properties. They are represented by the following four main brands/divisions - Frasers Centrepoint Homes (for Singapore residential development properties), Frasers Property (for overseas development properties), Frasers Centrepoint Commercial (for shopping malls, office and business space properties) and Frasers Hospitality (for serviced residences). www.fraserscentrepoint.com/en/Our%20Company/Overview.aspx
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Post by odie on Apr 16, 2014 13:17:27 GMT 7
Frasers Centrepoint seeks regulatory nod for REIT listing Published: February 7, 4:04 AM SINGAPORE — Frasers Centrepoint Ltd (FCL), controlled by Thai billionaire Charoen Sirivadhanabhakdi, has applied for regulatory approval to list a hospitality-focused real estate investment trust (REIT) on the Singapore Exchange. In its filing with the SGX yesterday, FCL said it had not decided whether to proceed with listing the REIT, which would hold assets including hotels and serviced residences owned by the company and its majority shareholder, Thailand’s TCC Group, also controlled by Mr Charoen. The potential size of the initial public offering and other deal terms also have not been finalised, FCL said. Sources with direct knowledge of the matter said the IPO is likely to raise S$500 million to S$600 million and take place in the second quarter. The listing would mark the first step towards the merging of the property assets of Mr Charoen’s business empire, operating under FCL and TCC Group, after the tycoon won control of drinks-and-property conglomerate Fraser and Neave (F&N) in a S$14 billion deal last year. FCL has since split from F&N into a separately listed property company, with the latter returning S$4.7 billion to shareholders as part of a capital reduction last year. If dividends are included, Mr Charoen’s deal to take over F&N is profitable, especially after the split, which now reflects a better market value of its Singapore property business, one of the sources said. FCL, which was listed on the SGX last month, has a portfolio of residential, commercial and hospitality properties worth more than S$10 billion. Its Frasers Hospitality arm owns serviced residences in Singapore, Europe, North Asia, South-east Asia, the Middle East and Australia, offering about 8,000 apartments in more than 30 cities, according to its website. www.todayonline.com/business/frasers-centrepoint-seeks-regulatory-nod-reit-listing
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Post by odie on Apr 16, 2014 13:18:55 GMT 7
vested 2 lots at 1.43 after xd vested some after scrip div from F&N looking to sell if price is good
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