Fraser & Neave (F & N)

[Dividend Warrior]

Will FCL become the sponsor of FCT?

FCL will be a more focused sponsor of FCT and FCOT with some possible benefits:

- FCL’s balance sheet will be further strengthened through the re-capitalisation (net gearing lowered to 36%) thus boosting it's ability to collaborate with it's reits

- TCC Group will grant FCL the Right of First Refusal (“ROFR”) over any opportunity to invest in, develop and/or manage TCC Group’s real estate assets, and a right to participate in any bidding process in respect of TCC Group’s real estate assets anywhere in the world except for Thailand

Beautiful!

Thanks Swakoo.