Singapore: Thai business magnate Charoen Sirivadhanabhakdi’s Frasers Property has made a second attempt to take over its hospitality real estate investment trust (REIT) at a valuation of S$1.37bil or about US$1.1bil.
The parent company has offered S$0.71 each for every share it does not already own to shareholders of Frasers Hospitality Trust, according to a joint statement yesterday.
