HOCK LOCK SIEW
·
SUBSCRIBERS
Frasers Property's rights issue not a clear win for all
Published Wed, Feb 24, 2021 · 05:50 AM
FRASERS Property's latest rights issue will provide much needed cash to the listed entity, but its value to shareholders, existing and potential, is questionable.
The company's non-underwritten 37-for-100 rights issue aimed at raising net proceeds of up to S$1.28 billion is also lacking in specifics.
The fundraising exercise m…
A NEWSLETTER FOR YOU
Tuesday, 12 pm
Property Insights
Get an exclusive analysis of real estate and property news in Singapore and beyond.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
WhirlPool is cutting 1,000 jobs as US appliance demand remains stagnant
Anglo American says it received unsolicited buyout proposal from BHP
TSMC says ‘A16’ chipmaking tech to arrive in 2026, setting up showdown with Intel
Meta profits soar but costs of AI cause worry
IBM falls on weak consulting sales, overshadowing HashiCorp deal
Oil settles lower as US business activity cools, concerns over Middle East ease