Frasers Logistics & Industrial Trust places out 78m new shares at S$1.01 per unit

Published Wed, Jun 28, 2017 · 12:08 AM

AUSTRALIAN industrial property play Frasers Logistics & Industrial Trust (FLT) said that its private placement of 78 million new units is 4.6 times subscribed, and will be issued at S$1.01 per new unit.

There was strong participation from new and existing institutional investors, it said.

Net proceeds will be used to partially fund the estimated total cost of the proposed acquisition of seven properties.

FLT last traded at S$1.04.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes

Companies & Markets

Netflix handily beats subscriber targets, misses on revenue forecast
Meta releases early versions of its Llama 3 AI model
Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts
TSMC estimates losses of US$92.4 million due to Taiwan earthquake
Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom
US: Wall St opens higher as some chip stocks bounce back after selloff

Purchase this article

Companies & Markets

Companies & Markets

Frasers Logistics & Industrial Trust places out 78m new shares at S$1.01 per unit

Companies & Markets

Netflix handily beats subscriber targets, misses on revenue forecast

Meta releases early versions of its Llama 3 AI model

Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts

TSMC estimates losses of US$92.4 million due to Taiwan earthquake

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

US: Wall St opens higher as some chip stocks bounce back after selloff

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

SECTIONS

LIFESTYLE

Follow BT