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Frasers Logistics & Commercial Trust ( (SG:BUOU) ) has provided an update.
Frasers Logistics & Commercial Trust has announced a significant loan facility agreement worth A$85 million with the Commonwealth Bank of Australia. This agreement includes a critical condition that requires mandatory prepayment if there is a change of manager without the lender’s consent, highlighting the importance of stable management in maintaining financial agreements. The implications of this condition emphasize the trust’s commitment to ensuring continuity in its management and the potential impact on its operational stability.
More about Frasers Logistics & Commercial Trust
Frasers Logistics & Commercial Trust is a real estate investment trust based in Singapore, focusing on logistics and commercial properties. The trust is managed by Frasers Logistics & Commercial Asset Management Pte. Ltd and is part of Frasers Property Limited’s portfolio.
YTD Price Performance: 0%
Average Trading Volume: 18,822
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.44B
For an in-depth examination of BUOU stock, go to TipRanks’ Stock Analysis page.