Frasers Logistics & Industrial Trust places out 78m new shares at S$1.01 per unit
Add BT as a preferred source
AUSTRALIAN industrial property play Frasers Logistics & Industrial Trust (FLT) said that its private placement of 78 million new units is 4.6 times subscribed, and will be issued at S$1.01 per new unit.
There was strong participation from new and existing institutional investors, it said.
Net proceeds will be used to partially fund the estimated total cost of the proposed acquisition of seven properties.
FLT last traded at S$1.04.
Share with us your feedback on BT's products and services
TRENDING NOW
Singapore at 61: How we can ensure opportunity, security and ownership for the next generation
The S$1 million National Day paradox: ‘money dysmorphia’ amid a wealth surge
Over 2.4 million adult Singaporeans to get special S$400-S$600 cash payment in September
Why Asean matters more than ever to the UK and Singapore
