The latest update is out from Frasers Centrepoint ( (SG:J69U) ).
Frasers Centrepoint Trust has announced the launch of a preferential offering as part of its equity fund raising initiative, aiming to raise gross proceeds of no less than approximately S$400 million. The offering includes a discount on the issue price of the new units, which is set at S$2.050 per unit, representing a discount to the volume-weighted average price. This move is part of a broader strategy to acquire a 100% interest in North Gem Trust and its trustee-manager, which could potentially enhance the trust’s asset portfolio and financial performance.
More about Frasers Centrepoint
Frasers Centrepoint Trust is a real estate investment trust based in Singapore, primarily focused on retail properties. The trust is involved in the acquisition, management, and development of retail assets to generate income and value for its unitholders.
YTD Price Performance: 20.26%
Average Trading Volume: 3,953
Technical Sentiment Signal: Strong Sell
Current Market Cap: $3.12B
See more data about J69U stock on TipRanks’ Stock Analysis page.