Thai FCL eyes US$473mil hospitality REIT

SINGAPORE: Frasers Centrepoint Ltd (FCL) , a company controlled by Thai billionaire Charoen Sirivadhanabhakdi, is looking to raise up to S$600mil through the listing of a hospitality real estate investment trust in Singapore in the second quarter, sources said

This listing would mark the first step toward the merging of property assets of Charoen’s business empire, which operates under the Singapore-listed FCL and his TCC Group, after the Thai tycoon won control of the drinks-andproperty conglomerate Fraser and Neave in an US$11bil deal last year.