144 views
Logo from FCT

FCT divests stake in Hektar REIT for $36.7m

The company divested over 140 million units in the REIT.

Frasers Centrepoint Trust (FCT) has completed its divestment of 143,898,398 units in Hektar Real Estate Investment Trust (REIT) for $36.7m.

FCT’s trustee received the divestment consideration upon completion of the divestment. 

Meanwhile, the earnest deposit of $0.4m or 1% of the divestment consideration paid to the trustee before completion per the terms and conditions of the sale and purchase agreement will subsequently be refunded to the purchaser.

Following the completion of the divestment, FCT only had 10,559,928 units in Hektar REIT.

FCT has also divested the remaining units to an unrelated third party, according to its manager. 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!