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News - Detailed News Story

Frasers Property, parent to acquire more shares in Ticon

12 Feb 2018 09:00

By Lynette Khoo

lynkhoo@sph.com.sg

A JOINT venture between Frasers Property and its parent TCC Group has agreed to acquire 26.1 per cent interest in Ticon Industrial Connection Public Company for 8.57 billion baht (S$359 million) or 17.90 Thai baht per share.

Frasers Property has an existing 40.95 per cent stake in Ticon, which offers exposure to one of the largest industrial portfolios in Thailand.

With its 49 per cent stake in the joint-venture company, Frasers Property's deemed stake in Ticon will be shored up to 53.74 per cent when the share purchase is completed.


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Source: Business Times
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