Frasers Property—controlled by Thai billionaire Charoen Sirivadhanabhakdi—has offered to buy Frasers Hospitality Trust in a deal valuing the Singapore-listed real estate investment trust at S$1.35 billion ($970 million).

Frasers Property—controlled by Thai billionaire Charoen Sirivadhanabhakdi—has offered to buy Frasers Hospitality Trust in a deal valuing the Singapore-listed real estate investment trust at S$1.35 billion ($970 million).