THE S$1.58 billion merger between Frasers Logistics & Industrial Trust (FLT) and Frasers Commercial Trust (FCOT) first proposed last December by way of a trust scheme of arrangement, is now effective. Read more at The Business Times.
In addition, FLT's manager noted that the trust's new investment mandate will come into effect on Wednesday.
"The investment mandate is to invest in a portfolio of income-producing real estate used predominantly for logistics or industrial purposes and located globally, and/or commercial purposes or business park purposes and located in the Asia-Pacific region, or in Europe ," FLT's manager said. As at 12.18pm on Wednesday, units in FLT were trading at S$1, up S$0.01 or 1 per cent, while units in FCOT last traded on April 9, following a request for suspension.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
First Reit extends closure of two malls in Indonesia amid virus outbreakFirst Reit is keeping two of its malls in Indonesia closed for another two weeks - till April 28 - as the country looks to curb movement further amid surging Covid-19 cases. Read more at The Business Times.
Read more »
Singapore stock watch: SIA, CapitaLand, ST Engg, Soilbuild Reit, Q&M Dental, Tee InternationalSINGAPORE (THE BUSINESS TIMES) - The following companies saw new developments that may affect trading of their securities on Wednesday (April 15):. Read more at straitstimes.com.
Read more »
Uber veteran Tiger Fang raises $43.9m pitching his logistics start-up will battle coronavirusSINGAPORE (BLOOMBERG) - A former Uber Technologies executive has raised $31 million (S$43.9 million) for his Indonesian logistics start-up with an unusual pitch that it will help organizations battle the coronavirus in the country.. Read more at straitstimes.com.
Read more »
Kabul bans motorbikes to stem Taliban killings and crimeAuthorities in Kabul will ban motorcycles and scooters in the Afghan capital in a bid to control rampant crime and stop assailants on two-wheelers from conducting targeted killings, officials said Tuesday. The ban, which takes effect Wednesday, comes after a string of assaults by armed men on motorbikes
Read more »
Uber veteran raises US$31 million with a pitch to battle coronavirusTiger Fang, a former Uber executive has raised US$31 million for his Indonesian logistics startup with an unusual pitch that it will help organisations battle the coronavirus in the country.
Read more »
Fashion giant Inditex working at reduced capacity despite loosened Spanish lockdownEmployees at global fashion giant Inditex's 10 logistics centres in Spain - from where it sends garments to its stores worldwide - returned to ...
Read more »