Thai Tycoon Revamps Property Business To Unleash Growth
The post Thai Tycoon Revamps Property Business To Unleash Growth appeared on BitcoinEthereumNews.com. Panote Sirivadhanabhakdi Noah Dolinsky for Forbes Asia This story is part of Forbes’ coverage of Thailand’s Richest 2026. See the full list here. Panote Sirivadhanabhakdi, son of liquor tycoon Charoen Sirivadhanabhakdi, has been making moves to revamp the family’s real estate portfolio held by Singapore-listed Frasers Property, which he oversees as group CEO. Last year, the company paved the way for the restructuring by taking its Frasers Hospitality Trust private in a S$1.4 billion ($1 billion) deal. In May, Frasers Property sold four of its industrial properties in Europe to its Frasers Logistics & Commercial Trust for €295 million ($343 million). A month later, it announced a proposal to reshuffle its hospitality portfolio, which includes selling five hotels, such as the former InterContinental Singapore and others in Japan, Malaysia and the U.K. worth a combined S$1.1 billion to th