Home News Property

Frasers Property commits up to RMB3 billion for potential China property joint ventures

The Edge Singapore
The Edge Singapore3/28/2022 10:23 AM GMT+08  • 1 min read
Frasers Property commits up to RMB3 billion for potential China property joint ventures
Frasers Tower, one of the key developments undertaken by Frasers Property in Singapore / Albert Chua
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Frasers Property has entered into a “strategic alliance framework” with two joint venture partners it did not name, to undertake property development in China.

As part of this agreement, Frasers, via its subsidiary, Suzhou Sing Heng Le Enterprise Development will provide funding of some RMB1.84 billion ($394.4 million).

In addition, Frasers, via another subsidiary, Singlong Property Development (Suzhou) will extend an interest-bearing bridging loan of some RMB1.2 billion to one of the JV partners.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now