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Frasers Logistics & Commercial Trust ( (SG:BUOU) ) has shared an announcement.
Frasers Logistics & Commercial Trust has announced a significant loan facility agreement involving a S$200 million sustainability-linked loan with DBS Bank Ltd. The agreement includes a condition that mandates prepayment if there is a change in the manager of FLCT without the lender’s consent, or if Frasers Property Limited’s control over the manager falls below 50%. This condition underscores the importance of stability in management for maintaining financial arrangements and could impact the trust’s operational flexibility.
The most recent analyst rating on (SG:BUOU) stock is a Buy with a S$1.11 price target. To see the full list of analyst forecasts on Frasers Logistics & Commercial Trust stock, see the SG:BUOU Stock Forecast page.
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. It is managed by Frasers Logistics & Commercial Asset Management Pte. Ltd. and operates under the laws of the Republic of Singapore.
YTD Price Performance: 4.36%
Average Trading Volume: 12,382,861
Technical Sentiment Signal: Hold
Current Market Cap: S$3.34B
For detailed information about BUOU stock, go to TipRanks’ Stock Analysis page.