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Home / Capital / Brokers Calls

CGS-CIMB lowers Frasers Property’s TP following announcement of $1.28 bil rights issue

Broker's Calls

CGS-CIMB lowers Frasers Property’s TP following announcement of $1.28 bil rights issue

Ng Qi Siang Published on Tue, Feb 16, 2021 / 12:35 PM GMT+8

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Frasers Property Limited (FPL), on Feb 11, announced its plans to raise $1.28 billion via a rights issue to strengthen its balance sheets and enhance business resilience by increasing exposure in the industrial/logistics/business parks segment.

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