(March 21 10:56) Sbr.com.sg
Submitted By:
Danielle Isaac
Case Study:
No
Earnings are expected to grow to $511m after its acquisitions.
Frasers Property raised its stake in PGIM Real Estate AsiaRetail Fund from 29.99% to 47.82% for $601.5m, an announcement revealed. This marks its second acquisition of the fund.
The book value and net asset value of the newly purchased 158,145 shares are approximately $598.1m.
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