FLCT banks on scale, industrial sector strength
Aside from post-merger enlargement and an expanded investment mandate, fund-throughs and rentals are also potential opportunities for growth. BY JUDE CHAN
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Singapore
UNDERTAKING major corporate action in the thick of "the crisis of a generation" could easily be disastrous. But, for Frasers Logistics & Commercial Trust (FLCT), it has been a blessing in disguise.
The S$1.6 billion merger between Frasers Logistics & Industrial Trust (FLT) and Frasers Commercial Trust to create FLCT was mooted in early December 2019 and completed in mid-April 2020 - just as the Covid-19 pandemic forced countries around the globe into lockdowns.
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