Asset Acquisitions and Disposals::Update on One-time Offer For All Remaining Shares in Geneba Properties N.V.
Issuer & Securities
FRASERS PROPERTY LIMITED
FRASERS PROPERTY LIMITED - SG2G52000004 - TQ5
Asset Acquisitions and Disposals
Date &Time of Broadcast
Announcement Sub Title
Update on One-time Offer For All Remaining Shares in Geneba Properties N.V.
Submitted By (Co./ Ind. Name)
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.
Total size =81K