Ticon Freehold and Leasehold Real Estate Investment Trust (SET:FTREIT) agreed to acquire 14 factories from Frasers Property (Thailand) Public Company Limited (SET:FPT) for approximately THB 652 million on May 7, 2019. The transaction was approved by the board of directors of Frasers Property (Thailand) Public Company Limited. The transaction shall be completed by September 30, 2019. The proceeds from the acquisition shall be used to fund factory and/or warehouse development, and/or repay some debts.

Ticon Freehold and Leasehold Real Estate Investment Trust (SET:FTREIT) cancelled the acquisition of 14 factories from Frasers Property (Thailand) Public Company Limited (SET:FPT) on May 7, 2020.