Thai billionaire offers $970M for Frasers Hospitality

Real estate giant Frasers Property has proposed a deal valued at $970 million to acquire that part of the real estate investment trust Frasers Hospitality that it does not already own. Thai billionaire Charoen Sirivadhanabhakdi, who controls Frasers Property, is offering a 50-cents-per-share price for the Singapore-based REIT.