Singapore-listed real estate trusts announce $4b merger plan | The Daily Star
12:00 AM, December 03, 2019 / LAST MODIFIED: 12:00 AM, December 03, 2019

Singapore-listed real estate trusts announce $4b merger plan

Two Singapore-listed real estate investment trusts under the Frasers Property group said on Monday they planned to merge to create an entity that will hold assets worth $4.2 billion.

The proposed merger of Frasers Logistics & Industrial Trust and Frasers Commercial Trust will cost S$1.5 billion, mainly via the issuance of new units to existing investors.

 

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