Charoen gets another go at F&N
- Published: 10 Jan 2013 at 20.13
- Online news:
SINGAPORE: A Thai billionaire Thursday got a new deadline to submit an improved bid for Singapore conglomerate Fraser and Neave (F&N)in a drawn-out battle with an Indonesian rival that has been compared to a poker game.
TCC Assets - controlled by Thai drinks tycoon Charoen Sirivadhanabhakdi - said in a statement emailed to the media 20 minutes before its 0930 GMT (4.30pm Thai time) deadline expired that it had been granted an extension till Jan 15.
It was the fourth extension for TCC since its rival, an Indonesian consortium led by property firm Overseas Union Enterprise (OUE), tabled a higher counter offer for F&N in mid-November.
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