Frasers Logistics and Industrial Trust is set to raise S$147.1 million from preferential offering

Here is the Today's Singapore Stock market news, Frasers Logistics and Industrial Trust is set to raise S$147.1 million from the preferential offering. Below are the details about the companies' decision.

Frasers Logistics and Industrial Trust (FLT) offers speculators a chance to put resources into coordination and mechanical land resources deliberately situated inside significant coordination and modern markets.

Frasers Logistics and Industrial Asset Management, chief of FLT, declared that FLT is set to raise net continues of about S$147.1 million from an over-bought in preferential offering exercise. 

Frasers Logistics and Industrial Trust (FLT)

The investors should keep an eye on the companies shares as it seems a good share investment choice.

The supervisor of FLT said the value raising activity has pulled in legitimate acknowledgments and abundance applications for more than 287.4 million of preferential offering new units. 

This speaks to 189 percent of more than 152.1 million new units made accessible for the master rata and non-renounceable one-for-10 preferential offering exercise evaluated at S$0.967 for each new unit. 

The preferential offering drew substantial acknowledgments for more than 141.2 million of new units and abundance applications for more than 146.1 million of new units. 

The backer of FLT and TCC Group Investments have acknowledged in full their particular temporary distributions totaling more than 31 million and 8.9 million preferential offering units. 

The chief of the trust said that the adjust of more than 10.8 million preferential offering units which were not truly acknowledged will be designated to fulfill the applications for overabundance new units. 

Inclination will be given to the adjusting of odd parts. The supervisor, executives of the chief and considerable unitholders who have control or impact FLT positioning toward the end in need for the adjusting of odd parcels and portion of overabundance new units. 

The preferential offering units will be recorded and cited on the Singapore Exchange mainboard with impact from June 11, 9 am. 

The chief of FLT said that the trust has brought all up in about S$476 million of gross continues from this particular offering and a prior finished up private arrangement.

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