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Frasers Centrepoint ( (SG:J69U) ) has provided an update.
Frasers Centrepoint Trust has issued 5,421,052 units as payment for an acquisition fee related to its purchase of North Gem Trust and its Trustee-Manager, totaling approximately S$11.3 million. This transaction, classified as an ‘interested party transaction,’ stipulates that these units cannot be sold within a year, impacting the trust’s unit distribution and potentially influencing investor perceptions.
The most recent analyst rating on (SG:J69U) stock is a Buy with a S$2.68 price target. To see the full list of analyst forecasts on Frasers Centrepoint stock, see the SG:J69U Stock Forecast page.
More about Frasers Centrepoint
Frasers Centrepoint Trust is a Singapore-based real estate investment trust focused on retail properties. It is managed by Frasers Centrepoint Asset Management Ltd., which oversees its operations and strategic direction.
YTD Price Performance: 7.63%
Average Trading Volume: 6,225,426
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$4.45B
For an in-depth examination of J69U stock, go to TipRanks’ Stock Analysis page.