April 3 (Reuters) - Frasers Centrepoint Limited
* Development of project will be funded through a combination of equity, shareholders’ loans, bank loans and sale/lease proceeds from project
* Entered into a JV agreement with TCC Assets (Thailand) to establish a new joint venture company, One Bangkok Holdings Co., Ltd.
* Pursuant to JVA, both FPHT and TCCAT have agreed to fund capital in OBH of up to an aggregate of baht 35.8 billion (approximately s$1.4 billion)
* FPHT’s investment in OBH is expected to be financed through internal cash resources and borrowings
* JV not expected to have any material impact on net tangible assets or eps of fcl for financial year ending 30 September 2017
* FPHT and TCCAT will each have an effective shareholding interest of 19.9% and 80.1% respectively in OBH upon its establishment.
* Based on FPHT’s shareholding interest of 19.9% in OBH, capital commitment of FPHT of up to baht 7.1 billion will be funded Source text for Eikon: Further company coverage: