F&N REIT

Charoen eyes S$640m S’pore IPO for F&N REIT

Thai billionaire Charoen Sirivadhanabhakdi is looking to raise at least US$500 million (S$639.9 million) by listing a hospitality trust in Singapore next year to help refinance some of the debt that his companies took on to win control of Fraser and Neave (F&N) in January, people with knowledge of the matter said on Monday. The listing would also mark the first step towards the merging of F&N’s assets...

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