Source : The Business Times, September 19, 2007
SINGAPORE - Frasers Hospitality, the hospitality arm of Singapore conglomerate Fraser & Neave, said on Wednesday it would open 10 new properties in China by 2009.
Related Link - http://tinyurl.com/yprrug
Frasers Hospitality's news release
Frasers Hospitality said it would invest US$130 million in one of the properties in the business district in Beijing.
The other nine properties are owned by firms including Singapore-listed property developer Yanlord Land and private equity firm Carlyle. -- REUTERS
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