Shanghai Fu Ting is a joint venture company established by Tishman Speyer RMB Funds and Shanghai Dowell Trading.
Frasers Property Limited (FPL) says it is divesting its entire stake in Beijing Fraser Suites Real Estate Management for a consideration of RMB1.605 billion ($329.1 million).
On Jan 21, FPL’s subsidiary Excellent Esteem entered into a sale and purchase agreement (SPA) with Shanghai Fu Ting Qi Ye for the sale of 100% of the equity capital in Beijing Fraser Suites.
