Fraser and Neave said on Thursday its subsidiary Hong Kong-listed Frasers Property (China) will be privatised.
Frasers Property (China) will be jointly taken private by FCL (China), an indirect wholly-owned subsidiary of F&N, and Riverbook Group, wholly-owned by Ascendas Land International, F&N said.
Trading in shares of Frasers Property (China) have been suspended pending the release of an announcement in relation to the proposed privatisation.
The company to be privatised has a market capitalisation of about US$168 million ($211 million). No financial details were provided on the offer.
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