Brief: Frasers Centrepoint Trust Proposes Acquisition Of About 33% Interest In Waterway Point

Frasers Centrepoint Trust

19/06/2019 02:31

June 19 (Reuters) - Frasers Centrepoint Trust  FCRT.SI :
    * PROPOSES ACQUISITION OF ABOUT 33% INTEREST IN WATERWAY
POINT
    * PROPOSED ACQUISITION IS EXPECTED TO BE FY18 DPU ACCRETIVE,
INCREASING DPU FROM 12.015 CENTS TO 12.091 CENTS
    * CONSIDERATION FOR PROPOSED PROPERTY ACQUISITION IS S$240.8
MILLION
    * DEAL INCLUDES VENDOR'S 33% SHARE OF UNITHOLDERS’ LOAN
PREVIOUSLY
EXTENDED BY UNITHOLDERS OF SAPPHIRE STAR TRUST TO SST
    * INTENDS TO FUND ACQUISITION & FEE BY EQUITY FUND RAISING

Source text for Eikon:  ID:nSN5lvhj7 
Further company coverage:  FCRT.SI 

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