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Frasers Property Limited (TQ5.SI)
- Reuters SG
UPDATE 2-ThaiBev to exit real estate business by offloading Frasers Property stake
Thai Beverage (ThaiBev) will exit the real estate business by transferring its entire stake in Singapore-based Frasers Property to TCC Assets under a share swap agreement, an exchange filing showed on Thursday. "Streamlining the company's focus towards a pure-play beverage and food business by exiting the property business and increasing its exposure to non-alcoholic beverages and dairy could result in a potential re-rating in line with pure-play beverage and food peers," ThaiBev said in a statement. The drink maker, controlled by Thai billionaire Charoen Sirivadhanabhakdi, said its unit InterBev Investment would transfer its 28.78% stake in Frasers Property to Thailand-based TCC Assets, which in return would transfer a 41.30% shareholding in conglomerate Fraser and Neave to InterBev.
- The Edge Singapore
Frasers Property secures sustainability-linked loan pegged to its GRESB performance
Frasers Property secures equivalent of $904 million sustainability-linked loan, pegged to group's GRESB performance
- Simply Wall St.
Exploring Alternatives To Frasers Property With One Superior SGX Dividend Stock
In the quest for reliable dividend stocks, understanding the trajectory of a company's dividend payouts is essential. In Singapore, where dividends on average increased by 3.7% last year, it's important to identify stocks that consistently maintain or increase their dividends. However, companies like Frasers Property present a cautionary tale with their declining dividend trends, signaling potential risks for income-focused investors.
