SG Dealbook: Frasers Hospitality acquires Dalian serviced residence for S$100.3m; Chiwayland buys Suzhou Industrial Park land for S$80m

SG Dealbook: Frasers Hospitality acquires Dalian serviced residence for S$100.3m; Chiwayland buys Suzhou Industrial Park land for S$80m

Visual from the Frasers Hospitality website

Singaporean-listed Frasers Hospitality and Chiwayland International have both made acquisitions in China, expanding operations. While Frasers Hospitality said it had acquired a serviced residence property in China’s Dalian for RMB481.37 million (S$100.29 million), Chiwayland International said its subsidiary had won the bid for the land parcel located in Suzhou Industrial Park

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