Frasers Centrepoint acquires Japanese shell company

FRASERS Centrepoint Limited (FCL), through its wholly owned subsidiary Frasers Hospitality Trust Management, has acquired all the equity interests in a Japanese godo kaisha known as AIA7 GK for 195,114 yen (about S$2,439).

In a filing to the Singapore Exchange (SGX) on Thursday, it said that the acquisition is a shell Japanese limited liability company and has been renamed as Frasers Hospitality Japan Trust Management GK.

FCL said the purchase was made in connection with the provision of management services in relation to asset enhancement works for the retail component of ANA Crowne Plaza Kobe, a property owned by Frasers Hospitality Real Estate Investment Trust.

The units of Frasers Hospitality Reit, together with the units of Frasers Hospitality Business Trust, form the stapled securities in Frasers Hospitality Trust.

Frasers Hospitality Trust Management is the trustee-manager of Frasers Hospitality Business Trust.