Frasers Centrepoint Trust to issue 28.8 million new units in preferential offering

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Singapore-listed retail REIT, Frasers Centrepoint Trust, will be issuing 28,818,174 new units in the preferential offering exercise that what first announced in mid-May 2019.

The preferential offering has since been set on a basis of 31 for every 1,000 existing units in FCT held as at 5.00 pm on 27 May 2019.

The units are being issued by the REIT as part of efforts to raise some SGD437.4 million for the acquisitions of stakes in Waterway Point, and a PGIM Real Estate Asia Retail Fund.

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