Frasers Centrepoint Trust (FCT) has reported "strong demand" for its private placement units, with the exercise being 2.8 times subscribed.
However, a close to 6% plunge in the REIT’s unit price on 29 September has raised questions over whether an impending preferential offering exercise will be met with a similar reception.
Related: Frasers Centrepoint Trust to raise up to SGD1.44 billion via placement, rights issue
The REIT undertook an equity fund raising (EFR) exercise to raise up to SGD1.44 billion for the acquisition of a remaining stake in AsiaRetail Fund.
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