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The latest update is out from Frasers Property ( (SG:TQ5) ).
Frasers Property Limited has entered into further shareholders loan agreements related to its joint venture investments in One Bangkok Holdings Co., Ltd., One Bangkok Ventures Co., Ltd., and One Bangkok Co., Ltd. This move is part of their ongoing project to develop a leasehold site in central Bangkok into an integrated mixed-use development. The joint venture involves Frasers Property Holdings (Thailand) Co., Ltd., a subsidiary of Frasers Property, and TCC Assets (Thailand) Co., Ltd. Frasers Property holds a 19.9% shareholding interest in both One Bangkok Holdings and its subsidiary One Bangkok Ventures, while TCC Assets holds the majority stake. This development is expected to enhance Frasers Property’s presence in the Thai real estate market and strengthen its portfolio of mixed-use developments.
More about Frasers Property
Frasers Property Limited, incorporated in Singapore, operates in the real estate industry, focusing on property development and management. The company is involved in creating integrated mixed-use developments, particularly in strategic locations such as central Bangkok.
YTD Price Performance: -16.15%
Technical Sentiment Signal: Strong Buy
Current Market Cap: $2.34B
See more insights into TQ5 stock on TipRanks’ Stock Analysis page.