FPL’s big asset shuffle: Controlling shareholder support is helping it drive value and stay listed
Investors may have to wait for the latent value of its shares to be fully realised in an apathetic market
Add BT as a preferred source
[SINGAPORE] When Frasers Property (FPL) made its first offer for Frasers Hospitality Trust (FHT) back in 2022, this column suggested that the group ought to consider organising a privatisation deal for itself too.
After reading the recently announced optimisation plan for the properties held under FHT – which FPL succeeded in taking private on its second attempt last year – it seems that the group’s controlling shareholder is more interested in improving the market value of the Singapore-listed property developer than taking it private.
That is not a bad thing, of course – but it could mean that investors will be left waiting a long time for the latent value within FPL to be fully realised.
TRENDING NOW
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
Chasing global capital: South-east Asia markets turn to ‘value up’ reforms
Not in education, employment or training: Why more Hong Kong youths are opting out of work
Circular water economies will power South-east Asia’s growth story
