Deals
Frasers Centrepoint Starts Trading Post Spinoff: Singapore Mover
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Frasers Centrepoint Ltd. began trading in Singapore after Fraser & Neave Ltd., controlled by Thailand’s richest man, spun off the property business from operations including beverages and publishing.
The shares opened at S$1.61 before ending lower at S$1.485 at the close of trading. F&N, as the 131-year-old conglomerate is known, said in August it will offer two share of its Frasers Centrepoint for every stock held.