SINGAPORE (Reuters) - Singapore's Fraser and Neave Ltd (>> Fraser and Neave) requested a trading halt on Thursday after a group linked to Thai billionaire Charoen Sirivadhanabhakdi made a $7.2 billion cash offer to take over the drinks-and-property conglomerate.
The offer came after Thai Beverage PCL (>> Thai Beverage PCL) and TCC Assets, the vehicle linked to the billionaire, increased their combined stake in F&N to 30.36 percent, according to a stock filing to the Singapore Exchange.
Under Singapore law, a bidder has to make a mandatory offer for a company if it buys a 30 percent stake.
(Reporting by Eveline Danubrata; Editing by John Mair)