Frasers Property (formerly: Frasers Cpt (FCL))

[Contrarian]

What do you all think will be the force to up the share price? It has been like this for very long le! Personally, I think it will be the profit for the year.

And maybe dividend declaration for charoen and the minority shareholders?

[greengiraffe]

http://www.businesstimes.com.sg/real-est...d-park-gcb

Frasers Centrepoint fetches S$30m for new Holland Park GCB
Price works out to around S$1,989 psf based on land area of 15,080 square feet

By
Kalpana Rashiwalakalpana@sph.com.sg@KalpanaBT
BT_20141107_KRPARK7_1355865.jpg The bungalow, with a built-up area of 11,368 sq ft, has two storeys and come with a pool, lift, five bedrooms, family area and helper's room
7 Nov5:50 AM
Singapore

FRASERS Centrepoint is said to have granted an option for the sale of a brand-new Good Class Bungalow in Holland Park at about S$30 million.

This works out to around S$1,989 psf based on land area of 15,080 square feet. The property's built-up area is 11,368 sq ft.

[Contrarian]

A good goalkeeper For FCL to keep watch on Australand team?

By: KALPANA RASHIWALA
Publication: The Business Times 30/10/2014

OLIVIER Lim is said to be getting back one of his old appointments: chairmanship of Australand Property Group.

Mr Lim, who was formerly group deputy CEO of CapitaLand, had served as Australand's chairman until CapitaLand divested its investment in the company earlier this year. Frasers Centrepoint later launched a takeover of Australand and has taken it private.

It is thought that while Frasers Centrepoint (controlled by Thai tycoon Charoen Sirivadhanabhakdi) does not plan to relist Australand in the near future, it has nevertheless decided to appoint a new independent board for the formerly Australian Securities Exchange (ASX)-listed company as part of good corporate governance.

[greengiraffe]

Like your name sake - Contrarian whatever TLCs disposes just BUY... when they buy just be extremely Cautious...

An Lah should be good...

Down Under has got unique culture... never change a winning formula unless its broken...

Capland's track record in Australia is done for... just forget about them... they are history as far as I m concern in Australia.

Vested
GG

A good goalkeeper For FCL to keep watch on Australand team?

By: KALPANA RASHIWALA
Publication: The Business Times 30/10/2014

OLIVIER Lim is said to be getting back one of his old appointments: chairmanship of Australand Property Group.

Mr Lim, who was formerly group deputy CEO of CapitaLand, had served as Australand's chairman until CapitaLand divested its investment in the company earlier this year. Frasers Centrepoint later launched a takeover of Australand and has taken it private.

It is thought that while Frasers Centrepoint (controlled by Thai tycoon Charoen Sirivadhanabhakdi) does not plan to relist Australand in the near future, it has nevertheless decided to appoint a new independent board for the formerly Australian Securities Exchange (ASX)-listed company as part of good corporate governance.

[Contrarian]

Thank you guru GG.

Yes Aussies hard to manage.

I am think why would Chaoren want to put Olivier Lim an outsider to chair Australand and not his existing Australian Mgt Team? So many capable senior managements there that the CEO worked with before. But he picked one from Capitaland.

[I_love_girls]

Possible to reach 2 dollar? It seems that it is unpopular now

[greengiraffe]

I m now a consultant thanks to VB... Trust me at your own risks...

Bob Johnston has been installed to helm the enlarged Australand/ Frasers Property Gp.

In a sense, the entire old team at Australand has reversed taken over Frasers Australia that will largely be completed once they finished off present projects - the key and highly profitable one being Central Park Sydney.

If this is not a good deal to keep good people, I seriously don't know what is.

As for the Asian guy Olivier Lim, I definitely think he could be a key bridge between Charoen and the Aussie blokes.

Charoen is no ordinary deal maker. Backed by his ex investment banker son-in-law, he is deemed to be shrewed to me till he is proven otherwise.

Note, he is no worried about his gearing levels and has yet to play to the market's continued speculation to streamline his listed holdings on SGX.

He continued to be interested in UE's core property assets and remained well aligned as OCBC/GE/Lee's non banking core interests.

Still water runs deep... till water gets above our eyes then we start to worry...

GG

Thank you guru GG.

Yes Aussies hard to manage.

I am think why would Chaoren want to put Olivier Lim an outsider to chair Australand and not his existing Australian Mgt Team? So many capable senior managements there that the CEO worked with before. But he picked one from Capitaland.

[Contrarian]

> As for the Asian guy Olivier Lim, I definitely think he could be a key bridge between Charoen and the Aussie blokes.

A very good guess, guru GG. The right channel to steer and manage the Australand team to Chaoren's direction. In this sense, he picked a very qualified guy.

[greengiraffe]

I m just a gundu... the real guru is Godfather Charoen...

Btw, where did you see the appointment...

Olivier Lim is a big catch and would be a real slap on Capland's team...

GG

http://sbr.com.sg/commercial-property/pe...deputy-ceo

Olivier Lim Tse Ghow resigns as CapitaLand group deputy CEO

He intended to take a personal sabbatical and spend some time with family.

CapitaLand announced the resignation of Olivier Lim Tse Ghow as group deputy chief executive officer effective 15 September 2014.

Mr Lim, 49, was responsible for the group's regional investments (including Vietnam, Japan, India, United Kingdom and Gulf Cooperation Council), CapitaLand Financial Limited, Fund Management and StorHub self-storage businesses. He also oversaw the CapitaLand's investment in Surbana International Consultants. He served as Australand Property Group's chairman until CapitaLand divested its investment in the company early this year. He has also spearheaded several key initiatives including business process improvement and knowledge management.

He was appointed to the post on 3 January 2013, according to a CapitaLand report.

[greengiraffe]

Wah lau... if indeed the article is true... FCL could well be a replay of Capland especially when Godfather has armed FCL with quality assets in highly regulated gateway global cities for future asset recycling...

All these generals that he has assembled have all the experience and capability that one is looking for for a asset rich property conglomerate.

The only thing and the real big thing is the headwinds facing FCL - the local property sector is "hated and avoided" by any sensible folks.

Only time will tell.

Vested
Core
Turning Green
GG

Olivier Lim back as Australand chairman
He'll head new independent board for the former listed firm as part of good corporate governance

By
Kalpana Rashiwalakalpana@sph.com.sg@KalpanaBT
BT_20141030_KROLLIE30_1343446.jpg Prior to joining CapitaLand, Mr Lim held various roles at Citi
30 Oct5:50 AM
Singapore

OLIVIER Lim is said to be getting back one of his old appointments: chairmanship of Australand Property Group.

Mr Lim, who was formerly group deputy CEO of CapitaLand, had served as Australand's chairman until CapitaLand divested its investment in the company earlier this year. Frasers Centrepoint later launched a takeover of Australand and has taken it private.

It is thought that while Frasers Centrepoint (controlled by Thai tycoon Charoen Sirivadhanabhakdi) does not plan to relist Australand in the near future, it has nevertheless decided to appoint a new independent board for the formerly Australian Securities Exchange (ASX)-listed company as part of good corporate governance.

CapitaLand announced Mr Lim's resignation in June, saying that he would be stepping down on Sept 15 as he "plans to take a personal sabbatical and spend some time with family".

Mr Lim was overseeing the group's investments in places such as Vietnam, Japan, India, the UK and the Gulf Cooperation Council countries; as well as CapitaLand Financial and StorHub self-storage businesses, among other responsibilities.

He had been a contender for the group CEO job at CapitaLand, which went to Lim Ming Yan when stalwart Liew Mun Leong retired at the end of 2012.

Mr Olivier Lim joined CapitaLand in 2003 as senior vice-president (finance). Over the years, he assumed various roles, including group chief financial officer and chief investment officer.

Prior to joining CapitaLand, he was with Citi, where he held various roles in corporate banking and investment banking in Singapore. He holds a first class honours degree in civil engineering from Imperial College, London.

CapitaLand divested its 59.1 per cent stake in Australand in two steps: 20 per cent last November at A$3.685 per stapled security and the balance 39.12 per cent in March this year at A$3.75 each.

On July 1, Frasers Centrepoint announced its intention to launch an off-market takeover offer to acquire up to 100 per cent of Australand, valuing the stapled group at about A$2.6 billion (S$2.9 billion).

At the close of the offer on Sept 4, Frasers Centrepoint's interest in Australand stood at 98.4 per cent and on Sept 24, Frasers Centrepoint began its compulsory acquisition of the remaining stake.

The counter was subsequently suspended from ASX at the close of trading on Oct 1.

BT understands that Mr Charoen has also appointed former CapitaLand chairman Richard Hu and former GIC Real Estate head honcho Seek Ngee Huat as advisers to Frasers Centrepoint.