An announcement on the potential buyout could come as early as this week, the people said.
TCC Group, which controls a majority of Frasers Hospitality Trust’s shares, is seeking a $500 million loan to take the Singapore-listed company private, according to people with knowledge of the matter.
The conglomerate of Thailand’s richest man, Charoen Sirivadhanabhakdi, is talking to banks about the planned transaction to finance the deal, said the people, who asked not to be identified as the process is private.
