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Frasers Logistics a ‘buy’ on clearer funding structure for acquisitions

PC Lee
PC Lee6/29/2017 4:3 PM GMT+08  • 2 min read
Frasers Logistics a ‘buy’ on clearer funding structure for acquisitions
SINGAPORE (June 29): OCBC is maintain its “buy”call on Frasers Logistics & Industrial Trust (FLT) given a clearer capital structure for the funding of its proposed acquisitions.
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SINGAPORE (June 29): OCBC is maintain its “buy”call on Frasers Logistics & Industrial Trust (FLT) given a clearer capital structure for the funding of its proposed acquisitions.

FLT announced on Wednesday that it has closed its private placement exercise whereby it will issue 78 million new units at an issue price of $1.01 per new unit.

(See also: Frasers Logistics Trust's private placement 4.6 times subscribed)

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