08-01-2013, 10:43 AM
The latest news update on F&N GO saga
SINGAPORE - A United States hedge fund giant has placed a bold US$500 million (S$610.4 million) bet to profit from a battle between two Asian tycoons for Singapore property and drinks conglomerate Fraser & Neave (F&N).
http://www.todayonline.com/Hotnews/EDC13...-bet-on-FN
That explained there are high volume transacted amid the battle of the two competing offers. The hedge fund holds 5% now. I believe the cost price is above the two offer prices.
SINGAPORE - A United States hedge fund giant has placed a bold US$500 million (S$610.4 million) bet to profit from a battle between two Asian tycoons for Singapore property and drinks conglomerate Fraser & Neave (F&N).
http://www.todayonline.com/Hotnews/EDC13...-bet-on-FN
That explained there are high volume transacted amid the battle of the two competing offers. The hedge fund holds 5% now. I believe the cost price is above the two offer prices.
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡