Asset Acquisitions and Disposals::Update on One-time Offer For All Remaining Shares in Geneba Properties N.V.

Issuer & Securities

Issuer/ Manager
FRASERS PROPERTY LIMITED
Securities
FRASERS PROPERTY LIMITED - SG2G52000004 - TQ5
Stapled Security
No

Announcement Details

Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
05-Jun-2018 07:15:42
Status
New
Announcement Sub Title
Update on One-time Offer For All Remaining Shares in Geneba Properties N.V.
Announcement Reference
SG180605OTHRTT38
Submitted By (Co./ Ind. Name)
Catherine Yeo
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Further to the announcements on 25 August 2017 and 9 September 2017, please see attached a press release by Geneba Properties N.V. ("Geneba") updating on the status of the buy-out procedure to acquire all Depositary Receipts in Geneba.

As stated in the Press Release, Geneba has obtained a favourable judgment in the buy-out proceedings and can now proceed with the procedure to acquire the remaining shares in Geneba not already held by Frasers Property Investments (Holland) B.V.. On completion of the acquisition of the remaining shares in Geneba, Geneba will be a wholly-owned subsidiary of Frasers Property Limited.

Attachments

Announcement_Enterprise_Chamber_approves_buy-out_procedure.pdf
Total size =81K