FRASERS Centrepoint Limited (FCL), the property arm of the conglomerate Fraser & Neave (F&N), begins trading as a separate entity from the parent company today.

In a regulatory filing yesterday, FCL said its roughly 2.9 billion shares will commence trading from 9am today. Besides trading in board lots of 1,000 shares, a temporary counter for board lots of 100 FCL shares will be put in place for a month.

The split of FCL from F&N had been done by way of a listing by introduction for FCL and a two-for-one in-specie distribution of FCL shares to F&N shareholders.