Brief: Frasers Property Announces Joint Venture

Frasers Property

16/08/2022 02:35

Aug 16 (Reuters) - Frasers Property Ltd  FRPL.SI :
    * JOINT VENTURE WITH FPTECH AND TWO WHOLLY-OWNED
SUBSIDIARIES OF
THAIBEV
    * FPHT, FPTECH AND OI EACH HAS A DIRECT SHAREHOLDING
INTEREST OF
49.9%, 0.1% AND APPROXIMATELY 49.99% RESPECTIVELY
    * JV CO FOR PURPOSES OF COLLABORATION IN ADVANCEMENT OF
TECHNOLOGY
AND DIGITALISATION OF BOTH FRASERS PROPERTY AND THAIBEV GROUP
    * JV CO HAS AN INITIAL REGISTERED CAPITAL OF 50 MILLION BAHT
    * JV CO EXPLORING A POTENTIAL SHARE SUBSCRIPTION OF ABOUT
2,175
MILLION BAHT FOR A 50% STAKE IN BETTERBE MARKETPLACE

Source text for Eikon:  ID:nSN88GYFL 
Further company coverage:  FRPL.SI 

 ((Reuters.Briefs@thomsonreuters.com;))