, Singapore

Fraser & Neave moves to unlock value for shareholders

Through its proposed dividend-in-specie.

"We see FNN unlocking value for shareholders with the proposed dividend-in-specie of its property unit, Frasers Centrepoint Limited (FCL)," argued DBS.

Shareholders will receive two FCL shares for each FNN share pursuant to this exercise, added DBS, forecasting that both entities will be poised for further growth in their respective fields of business."

The company though still faces a lot of key risks, which include potential vendor share placements to meet free float requirements, liquidity, overall property market sentiments, and outcome of MBL arbitration.

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