Fragrance plans to list Aussie business on Catalist

Singapore

FRAGRANCE Group has plans to spin off its property business in Australia and list it on Singapore's Catalist board.

The property developer's share price rose to an intra-day high of 24.5 Singapore cents on Friday, before closing at 24 cents - up 1.5 cents or 6.7 per cent.

It said in an announcement that the Singapore Exchange (SGX) has voiced no objections to the proposed spin off, but reserves the right to amend the decision as and when new info…