FCL

FCL: According to Business Times, FCL is looking to raise up $600m via a listing of a hospitality trust in Singapore in Q2. Tipped off by a knowledgeable source, DBS, HSBC, Morgan Stanley and UOB were picked as main advisers on the deal. This listing would also mark the first step towards the merging of F&N-related assets and Charoen's business empire after the Thai tycoon won control of FNN last year. FCL spokesperson declined to confirm the name of the advisers and size of the deal, while the banks were not readily available to comment