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Frasers Property's buyout of Ticon Industrial shares approaches completion

Rojana Industrial Park PCL's shareholders approved the acquisition by a Frasers Property Ltd. joint venture of all of the shares of Ticon Industrial Connection PCL owned by Rojana.

Frasers Assets Co. Ltd. agreed to buy 478,699,619 ordinary shares of Ticon, or 26.1% of the industrial landlord's share capital, from Rojana at 17.90 Thai baht per share, in order to increase its stake in Ticon and trigger a tender offer for all of Ticon's remaining outstanding shares at the same price.

As of March 23, 2018, US$1 was equivalent to 31.185 Thai baht.