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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
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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.

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