F&N: co to lift halt at 10.15am.
Announces that its HK-listed subsidiary Frasers Property (China) has suspended share trading wef 9am 29 Mar, in relation to a proposed privatization jointly by FCL (China) and Riverbrook Group.
FCL China is an indirect wholly owned subsidiary of FNN, which already holds ~56.2% of Fraser Property (China). Riverbrook is a wholly owned subsidiary of Ascendas Land Int’l which holds 17.2% interest in Fraser Property (China).
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