Frasers Property (formerly: Frasers Cpt (FCL))

[greengiraffe]

http://phx.corporate-ir.net/External.Fil...lwZT0z&t=1

FCL currently owns 98.32% of ALZ. Based on the last announcement, there is no mention of their intention to completely buyout the minorities. ALZ continued to trade on ASX with substantially reduced liquidity.

http://phx.corporate-ir.net/External.Fil...lwZT0z&t=1

This is the last letter from the ALZ board on their stance for FCL's offer and clearly with FCL above 90%, it has the rights for compulsory acquisitions.

So far, FCL has been silent on the matter but with AFR speculating last weekend that FCL may retain ALZ's residential landbank and separately float the quality recurrent income Industrial and Office, aka investment property portfolio, the listing status of the present ALZ may well be useful pending a comprehensive review.

Charoen has done it with F&N before and may well be on track to repeat a similar trick with ALZ pending the speculated moves.

Vested
GG