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FLT says 152 mil new units sold to raise $147 mil in preferential offering

Samantha Chiew Published on Mon, Jun 11, 2018 / 7:59 AM GMT+8

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SINGAPORE (June 11): Frasers Logistics & Industrial Trust (FLT) announced that about 152 million preferential offering new units were issued at 96.7 cents per unit, raising approximately $147.1 million.

The trust’s total number of preferential units now stands about 2 billion.

Along with a private placement exercise the group held on May 21, which raised $328.9 million, the trust has raised a total of $476.0 million from its equity fund raising.

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FLT says 152 mil new units sold to raise $147 mil in preferential offering