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Find out more about IPO and Rights Issue in articles from the All about REIT series:
The IPO Prospectus
Rights Issue Part 1: Terms and Definition
Rights Issue Part 2: What happens during a Rights Issue
Ever wonder how to start using CPF to buy shares? Do visit Using CPF to buy shares (CPF Investment Scheme CPFIS-OA)

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Friday, February 5, 2010

REIT Financial News - 5 FEB 2010: FCT Completes Acquisition of Northpoint 2 and YewTee Point

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Frasers Centrepoint Trust - Completion of Acquisitions of Northpoint 2 and YewTee Point and Use of Proceeds of the Private Placemen. See report.

Key Points
  • Proceeds of about S$177.8 million from the recent private placement of 137 million new units at S$1.33 per unit have been used to part finance the acquisitions.
  • The balance of S$110 million is financed by debt.


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