SGX-listed Frasers Centerpoint buys 40% stake in Thai developer TICON for $378m

SGX-listed Frasers Centerpoint buys 40% stake in Thai developer TICON for $378m

Virapan Pulges, managing director of Ticon Industrial Connection.

Ticon Industrial Connection Plc, the country’s listed industrial property developer, has allotted 735 million new shares in a private placement to Frasers Property Holding (Thailand) Co Ltd, a subsidiary of SGX-listed real estate developer Frasers Centerpoint Limited (FCL), for 13.23 billion baht ($378 million).

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