Frasers Centrepoint Trust (FCT) is making a major move by acquiring the remaining 50% stake in Northpoint City South Wing for S$1.17 billion, bringing its ownership of the entire Northpoint City mall to 100%. Northpoint City, located in Yishun, is the largest mall in northern Singapore, with a combined net lettable area of over 531,000 square feet. Its seamless connection to Yishun MRT and bus interchange makes it a key suburban retail hub.
As an FCT unitholder, should you subscribe to the preferential offering at $2.05 per unit? Will your distributions be affected if you don’t? How will FCT unlock more value for unitholders through the acquisition? We answer all this and more in our latest episode!
00:00 Introduction
00:40 Details of acquisition
07:53 RTS Link
15:20 Mall control
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Disclaimer
This video is strictly for general information purposes only. The information presented in this video does not constitute accounting, legal, regulatory, tax, financial or other advice and is not intended as an offer, recommendation, solicitation, or advice to purchase or sell any investment product, securities or instruments. The views, opinions, predictions or information expressed in this video are solely those of the speakers’ and they reflect the speakers’ personal opinions, predictions, views or judgement, and are subject to change at any time without notice. Any opinions, projections and other forward-looking statements regarding future events or performance of, including but not limited to, countries, markets or companies are not necessarily indicative of, and may differ from actual events or results….
