Brief: Frasers Property Proposes Optimisation Of FHT's Portfolio
Thu 02:24
BRIEF-Frasers Property Proposes Optimisation Of FHT's Portfolio June 25 (Reuters) - Frasers Property Ltd FRPL.SI:
PROPOSED OPTIMISATION OF FHT'S PORTFOLIO INVOLVING APPROXIMATELY S$2.1 BILLION OF ASSETS
ON-BALANCE SHEET HOSPITALITY ASSETS EXPECTED TO DECREASE FROM S$3.7 BILLION TO S$2.5 BILLION
TRANSACTION INVOLVES REVERSING CERTAIN LEGACY ARRANGEMENTS PREVIOUSLY PUT IN PLACE FOR FHT'S LISTING, OTHERS
Further company coverage: FRPL.SI
((Reuters.Briefs@thomsonreuters.com;))
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