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FSL Trust gets cash offer of S$0.0585 a unit from sponsor

FSL Holdings makes mandatory general offer after taking up new units in FSL Trust via recent preferential offering

Published Fri, Jun 7, 2019 · 09:50 PM

Singapore

THE sponsor of First Ship Lease (FSL) Trust has made a mandatory general offer for the shipping trust, after taking up new units in FSL Trust via the recent preferential offering.

FSL Holdings is offering S$0.0585 in cash for each FSL Trust unit, which represents a 33 per cent premium to the last transacted price per unit of S$0.044 on Thursday.

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