Nod for proposed listing of Frasers Centrepoint
FRASER and Neave's (F&N's) move to shed its property arm and focus on its other core businesses took a step forward after Frasers Centrepoint Limited (FCL) got the go-ahead for its planned listing.
In a regulatory filing yesterday, F&N said it was granted eligibility-to-list last Friday by Singapore Exchange (SGX) for the listing and quotation of FCL on the mainboard by way of an introduction.
F&N plans to distribute two shares in FCL for each F&N share held by investors. Neither F&N nor FCL will receive cash proceeds due to the introductory nature of FCL's listing.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
Stablecoin issuer Tether invests US$200 million in brain-computer interface company
Yahoo to lay off staff in Singapore as it shifts to content curation
US: Wall St opens higher on megacap strength, Fed verdict awaited
IReit Global occupancy rate grows to 91.5% in Q1
Yen surges against US dollar on suspected intervention