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Frasers Property associate makes 19.75b baht offer for Golden Land

Frasers Property (Thailand) Public Company offering 8.50 baht per share for around 2.32 billion shares

Vivienne Tay
Published Mon, Feb 25, 2019 · 09:50 PM

Singapore

FRASERS Property's indirect associated company is making a conditional voluntary tender offer (VTO) for all the issued securities of Golden Land Property Development for about 19.75 billion baht (S$851.9 million) in cash, subject to regulatory and shareholder approval.

Frasers Property (Thailand) Public Company (FPT) is making an offer of 8.50 baht per share for around 2.32 billion shares to acquire the residential and commercial property development company, Frasers Property said in a regulatory filing on Monday before the market opened.

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