Brief: Frasers Centrepoint Trust Says Proposed Divestment Of Changi City Point

Frasers Centrepoint Trust

30/08/2023 24:24

Aug 30 (Reuters) - Frasers Centrepoint Trust  FCRT.SI :
    * PROPOSED DIVESTMENT OF CHANGI CITY POINT
    * ENTERED INTO A SALE AND PURCHASE AGREEMENT WITH AN
UNRELATED
THIRD PARTY
    * ESTIMATED NET GAIN AND CAPITAL GAIN ARE S$10.9 MILLION AND
S$20
MILLION RESPECTIVELY FROM DIVESTMENT
    * DIVESTMENT FOR S$338.0 MILLION IN CASH
    * ESTIMATED NET PROCEEDS FROM DIVESTMENT IS APPROXIMATELY
S$329.7
MILLION

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

 ((Reuters.Briefs@thomsonreuters.com;))