Update: Frasers Logistics and Industrial Trust to raise up to S$902m in Singapore IPO
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
[SINGAPORE] Frasers Logistics and Industrial Trust plans to raise up to S$902 million through an initial public offering in Singapore, according to its prospectus filed with the regulator.
The real estate investment trust (Reit), to be backed by industrial and logistics assets in Australia, plans to sell 521.7 million units to institutions and retail investors at S$0.85 to S$0.89 apiece.
Additionally, cornerstone investors will take up 492.8 million units, the prospectus said. The reit is sponsored by real estate developer Frasers Centrepoint.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Middle East-linked energy supply shocks put Asean Power Grid back in focus
