Tuesday, Sep 23, 2014Tuesday, Sep 23, 2014
News
 

Thai tycoon Charoen's Frasers Centrepoint eyes $600m hospitality Reit: Sources

Published on Feb 6, 2014 11:57 AM
 

SINGAPORE (Reuters) - Frasers Centrepoint Ltd (FCL) , a company controlled by Thai billionaire Charoen Sirivadhanabhakdi, is looking to raise up to S$600 million through the listing of a hospitality trust in Singapore in the second quarter, sources said.

FCL has picked DBS, HSBC, Morgan Stanley and United Overseas Bank as the main advisers on the deal, sources with direct knowledge of the matter said.

"The deal could come as early as April, but all depends on the markets," a source with direct knowledge of the matter said, adding the deal size could be between S$500 million and S$600 million.

FCL, which split from Fraser and Neave into a separately listed company, has a market capitalisation of US$3.2 billion (S$4 billion).

 
If you are not a subscriber, you can get instant, unlimited access here