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Frasers Logistics & Commercial Trust ( (SG:BUOU) ) has provided an announcement.
Frasers Logistics & Commercial Trust has entered into a GBP 115 million loan facility agreement with Oversea-Chinese Banking Corporation Limited. The agreement includes a condition that could trigger mandatory prepayment if there is a change in the manager of the trust without the lender’s consent, potentially impacting the trust’s financial operations and 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 involved in managing and acquiring properties to provide returns to its stakeholders.
YTD Price Performance: -3.85%
Average Trading Volume: 28,677
Technical Sentiment Signal: Buy
Current Market Cap: $2.34B
For a thorough assessment of BUOU stock, go to TipRanks’ Stock Analysis page.