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F&N bondholders pave way for Frasers Centrepoint listing

It can now proceed with planned split as bondholders accept sweetened terms

Adding value: F&N's split will be effected by way of a listing by introduction of FCL and an in-specie distribution of FCL shares to current F&N shareholders. - PHOTO: BLOOMBERG

CHRISTMAS came just in time for Fraser and Neave (F&N), which yesterday won over enough bondholders to split itself without triggering a technical default. During meetings early yesterday, investors in the property and food-and-beverage (F&B) conglomerate's $108.25 million of 5.5 per