Reuters: Financial Services and Real Estate: Fraser & Neave's Hong Kong subsidiary to be privatised

Reuters: Financial Services and Real Estate Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Fraser & Neave's Hong Kong subsidiary to be privatised Mar 29th 2012, 01:59 SINGAPORE, March 29 | Wed Mar 28, 2012 9:59pm EDT SINGAPORE, March 29 (Reuters) - Singapore's Fraser and Neave Ltd (F&N) said on Thursday its subsidiary Hong Kong-listed Frasers Property (China) Ltd will be privatised.. Frasers Property (China) will be jointly taken private by FCL (China) Pte Ltd, an indirect wholly-owned subsidiary of F&N, and Riverbook Group Ltd, wholly-owned by Ascendas Land International Pte Ltd, 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 $168 million. No financial details were provided on the offer. (Reporting by Charmian Kok; Editing by Saeed Azhar)

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