Frasers Centrepoint Trust closes preferential offering with 44.4% excess applications

FCT received 54.4 million excess applications.

Frasers Centrepoint Trust (FCT) received valid acceptances and excess applications for a total of 122.6 million units under its preferential offering, priced at $2.050 per unit.

The offering was 24.8% oversubscribed, comprising 80.5% valid acceptances and 44.4% excess applications.

It was made on the basis of 54 preferential offering units for every 1,000 existing units held as of 3 April at 5:00 pm and closed on 16 April.

FCT initially issued a total of 98.2 million preferential offering units, raising approximately $201.3m.

Together with the $220.0m raised from the private placement, which closed on 26 March, the equity fundraising has generated total gross proceeds of about $421.3m.

The preferential offering units are expected to be listed and quoted on the Mainboard of the SGX-ST at 9:00 am on 25 April.

Follow the link for more news on

Frasers Centrepoint Trust

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia

Top News

'Christian Horner: Unfiltered' Comes to Singapore During F1 Week

The former Oracle Red Bull Racing Team Principal headlines a one-night-only live conversation on leadership, team culture and life at the pinnacle of Formula 1

Leisure & Entertainment

11 hours ago

SC Capital acquires townhouse compound in Chung Hom Kok, Hong Kong