Frasers Centrepoint requests for trading halt after news of possible Reit listing
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SINGAPORE - Frasers Centrepoint Ltd (FCL) on Monday morning (May 9) requested for a trading halt with immediate effect pending an announcement.
The request comes after the Business Times reported on Monday that FCL may spin off some of its Australian logistics and industrial assets into a Reit that could be worth between S$800 million and S$900 million.
Listing of the new Reit, likely to be called Frasers Logistics and Industrial Trust, could be slated for June this year.
BT said a special feature of the new Reit is that investors can choose to receive their distributions in Australian dollars or Singapore dollars.
