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FLT and FCOT unitholders approve merger

Unitholders for both Reits give overwhelming approval for the merger at EGMs and a Trust Scheme Meeting

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Ng Ren Jye

Published Wed, Mar 11, 2020 · 09:50 PM

Singapore

FRASERS Logistics & Industrial Trust (FLT) and Frasers Commercial Trust (FCOT) unitholders have voted overwhelmingly to approve a proposed merger, the managers of both trusts said on Wednesday. They also approved the proposed acquisition of Farnborough Business Park in the United Kingdom by the enlarged entity.

Voting took place at extraordinary general meetings (EGMs) and a Trust Scheme Meeting on Wednesday.

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