Brief: Frasers Centrepoint Trust To Buy Remaining 63.1% In Asiaretail Fund For S$1.06 Billion

Frasers Centrepoint Trust

03/09/2020 14:59

Sept 3 (Reuters) - Frasers Centrepoint Trust  FCRT.SI :
    * TO ACQUIRE REMAINING 63.1% IN ASIARETAIL FUND FOR S$1.06
BILLION
    * DEAL  INCREASES FCT'S PORTFOLIO TOTAL ASSET SIZE TO
S$6,650
MILLION
    * DEAL'S ACCRETION TO DPU OF 8.59% ON A FY2019 PRO FORMA
BASIS
    * MANAGER PROPOSES EQUITY FUND RAISING TO RAISE ABOUT S$1.3
BILLION
    * DEAL EXCLUDES BEDOK POINT & SETAPAK CENTRAL
    * MANAGER SEEKING TO DIVEST BEDOK POINT FOR S$108.0 MILLION

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Further company coverage:  FCRT.SI 

 (Reuters.Briefs@thomsonreuters.com)