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Frasers Centrepoint ( (SG:J69U) ) just unveiled an announcement.
Frasers Centrepoint Trust announced the utilization of approximately S$421.3 million raised through an equity fund raising initiative. The funds are earmarked for repaying existing debts and covering professional fees, with a portion allocated for future acquisitions, reflecting the company’s strategic financial management and growth ambitions.
More about Frasers Centrepoint
Frasers Centrepoint Trust, established in Singapore, operates under a trust deed and is managed by Frasers Centrepoint Asset Management Ltd. The company is involved in real estate investment, focusing on retail properties in Singapore, and aims to deliver stable returns to its stakeholders.
YTD Price Performance: -1.70%
Average Trading Volume: 3,346
Technical Sentiment Signal: Hold
Current Market Cap: $3.28B
For detailed information about J69U stock, go to TipRanks’ Stock Analysis page.