FCOT raises S$142.1m from upsized private placement
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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.
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