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FRASER AND NEAVE, THAI BEVERAGE, ASIA PACIFIC BREWERIES
Kirin Holdings Co is expected to sell its 15 percent stake in Singapore's Fraser and Neave for 120 billion yen ($1.54 billion), the Nikkei business daily reported. F&N's shareholders will meet today to vote on the conglomerate's proposed sale of its 40 percent stake in Asia Pacific Breweries to Heineken, as well as a planned S$4 billion payout through a capital reduction.
ASCOTT RESIDENCE TRUST
Ascott Residence Trust said on Friday it had agreed to buy the 166-unit Madison Hamburg in Germany for 37.5 million euros ($48.2 million).
EZRA HOLDINGS LTD
Singapore offshore services firm Ezra said it had received strong support from its shareholders for the proposed distribution of Triyards Holdings Ltd shares. Shareholders will receive one Triyards share for every 10 Ezra shares. Ezra plans to list Triyards, its engineering and fabrication unit, on the Singapore Exchange in October.
ASCENDAS INDIA TRUST
Ascendas India Trust said on Friday it is planning a private placement at S$0.72 per new unit to raise gross proceeds of up to S$100 million.
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