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Frasers Centrepoint to pump up to half a billion into Thailand's Ticon

The investment will make Frasers Centrepoint the single largest shareholder of the industrial developer

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In his first major move since taking over the reins at mainboard-listed property developer Frasers Centrepoint Limited (FCL) at the start of this month, new group chief executive officer Panote Sirivadhanabhakdi (pictured) has inked a conditional deal for FCL to pump up to 13.23 billion baht or about S$520 million into a listed Thai industrial property developer.

Singapore

IN HIS first major move since taking over the reins at mainboard-listed property developer Frasers Centrepoint Limited (FCL) at the start of this month, new group chief executive officer Panote Sirivadhanabhakdi has inked a conditional deal for FCL to pump up to 13.23 billion