Stocks to watch: Frasers Centrepoint Trust, Frasers Property, CMT, CCT, PLife Reit

📆 04/09/2020 12.30.00
📰 BusinessTimes

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THE following companies saw new developments that may affect trading of their securities on Friday: Read more at The Business Times.

Frasers Centrepoint Trust , Frasers Property:to buy the rest of AsiaRetail Fund from its sponsor Frasers Property for some S$1.06 billion. Separately, FCT plans to divest Bedok Point to Frasers Property for a sale price of S$108 million. FCT units fell S$0.08 or 3.1 per cent to S$2.54 on Thursday before the announcement. Shares of Frasers Property closed at S$1.16 on Thursday, down S$0.01 or 0.9 per cent.

The long-stop date for the proposed merger between the two property real estate investment trusts , their managers announced on Friday. Both Reits will hold their respective unitholder meetings on Sept 29 to seek approval for the proposed deal. CMT units closed flat at S$1.96 on Thursday, while CCT units finished at S$1.68, up S$0.01 or 0.6 per cent.after the close of business on Sept 18. The counter rose S$0.03 or 0.8 per cent to S$3.89 on Thursday, before this announcement.

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Long-stop date for CMT-CCT merger extended to Nov 30; EGMs to be held on Sept 29THE long-stop date for the proposed merger between CapitaLand Mall Trust (CMT) and CapitaLand Commercial Trust (CCT) has been extended to Nov 30 from Sept 30, their managers announced on Friday. Read more at The Business Times.
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