Following a restructuring, the Lucio Tan-controlled conglomerate that was formerly known as Tanduay Holdings has operations in the tobacco, beverage, banking and property sectors.
The Chinese engineering company, which has signed up three cornerstone investors for a combined $50 million, seeks to raise up to $273 million from the offering.
The deal is the first equity transaction to hit the Asian markets after the Greek election and comes just days after Tsingtao's shares close at an all-time high.
The Japanese beverage company agrees to acquire 14.7% of Fraser and Neave from Temasek in an effort to enhance its footprint and product offering in Asia-Pacific.