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An announcement from Frasers Centrepoint ( (SG:J69U) ) is now available.
Frasers Centrepoint Trust announced the issuance of 73,806 units to its manager, Frasers Centrepoint Asset Management Ltd., as payment for a divestment fee related to the sale of ten strata lots at Yishun 10. This transaction, classified as an ‘interested party transaction,’ adheres to the regulations set by the Monetary Authority of Singapore, with the issued units being non-transferable for one year. This move reflects the trust’s strategic financial management and compliance with investment regulations.
The most recent analyst rating on (SG:J69U) stock is a Buy with a S$2.65 price target. To see the full list of analyst forecasts on Frasers Centrepoint stock, see the SG:J69U Stock Forecast page.
More about Frasers Centrepoint
Frasers Centrepoint Trust is a Singapore-based real estate investment trust that focuses on retail properties. It is managed by Frasers Centrepoint Asset Management Ltd., which oversees its operations and strategic initiatives.
Average Trading Volume: 4,981,984
Technical Sentiment Signal: Buy
Current Market Cap: S$4.75B
For an in-depth examination of J69U stock, go to TipRanks’ Overview page.