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Charoen cuts F&N stake to meet public float requirement

Published Fri, Dec 13, 2013 · 10:00 PM

Singapore

THAI tycoon Charoen Sirivadhanabhakdi has trimmed his stake in Fraser and Neave (F&N), to raise the conglomerate's public float to meet listing requirements.

TCC Assets, Mr Charoen's private vehicle, on Thursday sold a 2.1 per cent stake in F&N, or 30.9 million shares, for $173 million through married deals, F&N said in a stat…

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