- Increasing stake in Fraser & Neave (F&N) and fully divesting its stake in Frasers Property.
- Swapping of ~1.88 Frasers Property shares for each F&N share.
Proposed share swap to divest Frasers Property for additional stakes in F&N
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
- The proposed share swap involves no cash outlay from IBIL or Frasers Property and will be executed at an estimated ratio of 1.88 Frasers Property share for each F&N share. This swap ratio is based on a negotiated prices of S$1.89 per Frasers Property share and S$3.55 per F&N share, which are 130% and 173% above the last close Frasers Property share price and F&N share price, respectively.
Market share prices are not reflective of intrinsic values
- Read more at SGinvestors.io.
Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
OCBC Research Team OCBC Investment Research | https://www.iocbc.com/ 2024-07-19
Previous report by OCBC:
2024-05-15 Thai Beverage - Beer Business Showed Signs Of Improvement.
Price targets by 3 other brokers at Thai Beverage Target Prices.
Listing of research reports at Thai Beverage Analyst Reports.
Relevant links:
Thai Beverage Share Price History,
Thai Beverage Announcements,
Thai Beverage Dividends & Corporate Actions,
Thai Beverage News Articles
