Unit holders to vote on $1.58b Frasers Reits merger

It is potentially eighth biggest in S'pore by market capitalisation if deal goes through

Mr Robert Wallace, CEO of Frasers Logistics and Industrial Trust’s manager, with Mr Jack Lam, CEO of Frasers Commercial Trust’s manager. With a merger, the enlarged entity will gain greater representation in the FTSE EPRA/Nareit Global Real Estate Index S
Mr Robert Wallace, CEO of Frasers Logistics and Industrial Trust’s manager, with Mr Jack Lam, CEO of Frasers Commercial Trust’s manager. With a merger, the enlarged entity will gain greater representation in the FTSE EPRA/Nareit Global Real Estate Index Series (Global Developed Index). ST PHOTO: NG SOR LUAN
New: Gift this subscriber-only story to your friends and family

Unit holders will vote next week on the proposed $1.58 billion merger of Frasers Logistics and Industrial Trust (FLT) and Frasers Commercial Trust (FCOT).

If the deal gets the green light, it will make the combined entity potentially Singapore's eighth biggest real estate investment trust (Reit) by market capitalisation.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.

A version of this article appeared in the print edition of The Straits Times on March 07, 2020, with the headline Unit holders to vote on $1.58b Frasers Reits merger. Subscribe