Frasers Commercial Trust's 55 Market StreetFrasers Commercial Trust's 55 Market Street

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.

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.