SINGAPORE (Dec 9): On Dec 2, during a media briefing, Robert Wallace, CEO of Frasers Logistics & Industrial Trust (FLT), said one of the benefits of merging with Frasers Commercial Trust (FCOT) was that the joint real estate investment trust (REIT) would have a larger free-float market cap and account for a larger weightage in important indices.

“We would have been ranked No 9 as at the last trading date (Nov 27, before the announcement) and we will have a higher weightage in the FTSE EPRA NAREIT Index. Our free float will increase by 1.5 times, from $1.9 billion to $3 billion,” Wallace elaborated.

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