The Business Times
business-time-50

FCOT raises S$142.1m from upsized private placement

google-preferred-sourceAdd BT as a preferred source
Published Fri, Jul 24, 2015 · 09:50 PM

Singapore

FRASERS Commercial Trust (FCOT), which owns commercial property in Singapore and Australia, said on Friday that it has raised gross proceeds of S$142.1 million from an upsized private placement.

The trust manager also said in a press release that it intends to declare an "advanced distribution" of its distributable income for the period July 1-Aug 2 this year to its existing unitholders. It estimated the advanced distribution to be 0.7805 Singapore cent per unit.

TRENDING NOW

Tribunal Magistrate Jared Kang described dismissal law as “a little more layered, difficult and unclear than it perhaps needed to be”.

Firm loses wrongful dismissal case despite following termination clause

The Vietnamese economy has long relied heavily on bank lending, straining commercial banks as they shoulder the bulk of the financing needed by companies and large infrastructure projects.

Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks

UOB’s asset quality was a recurring theme across all broker notes.

Citi, OCBC downgrade UOB post-Q2 results; RHB upgrades on valuation

Soilbuild and its executive chairman Lim Chap Huat are reportedly seeking unspecified damages over Brookfield’s alleged breach of their agreement.

Soilbuild’s Lim Chap Huat sues Brookfield, claims it reneged on joint venture: WSJ

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More