Shares in Fraser & Neave halted for trading

Singapore’s Fraser and Neave, controlled by Thai billionaire Charoen Sirivadhanabhakdi, said on Tuesday it had asked for a trading halt in its shares.

The company said in June that it is considering separating its property-related businesses from its soft drinks, food and other operations.

F&N is also looking to raise at least US$500 million ($642 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 F&N, people with knowledge of the matter have said.