Frasers Centrepoint gets nod to list hospitality trust
Published on Mar 12, 2014 9:04 PM
Frasers Centrepoint has gotten the green light from the Singapore Exchange (SGX) to list a hospitality trust.
It said after the market closed that the SGX issued it an eligibility-to-list letter on March 12 for a proposed initial public offering and mainboard listing of a stapled trust.
The stapled trust will comprise an initially dormant business trust and a hospitality real estate investment trust (reit) which will hold a portfolio of hotels and serviced residences.
The firm said it had also submitted a circular to the SGX for review, "in connection with the proposed establishment of the reit and the injection of certain properties into the reit, for the purposes of seeking shareholders' approval".
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