Singapore REIT manager Fraser Centrepoint Asset Management (FCAM) has submitted a request ton 28 May to halt the trading of Frasers Commercial Trust (FCT) Series A CPPU (SGX:KT8U).
The request is being submitted pending an announcement on 2 June 2014 as to whether FCAM, as manager of FCT, has exercised its right of redemption of Series A CPPUs.
Also pending is an announcement on 4 June 2014 on the number of Series A CPPUs successfully redeemed or converted by Series A CPPU holders of their right of conversion.
Units of FCT Series A CPPUs maintained its price at SGD1.01 on the Singapore Exchange.