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Commercial Property

Staff Reporter

, Singapore

Published:

11 years ago

F&N subsidiary in talks re share sale

A third party is interested to buy FCLC’s controlling stake in Frasers Property (China) Limited.

The board of directors of Frasers Property (China) Limited has been informed by FCL (China) Pte. Ltd. that following the receipt of an unsolicited offer from a third party, FCLC is in discussion with such third party regarding a possible disposal of its controlling stake in Frasers Property (China) Limited to such third party.

To date, the issued share capital of Frasers Property (China) Limited comprises 6,864,136,580 ordinary shares of HK$0.10 each, and FCLC holds 3,847,509,895 shares, representing approximately 56.05% of the company’s issued share capital.

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