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Frasers Logistics & Commercial Trust ( (SG:BUOU) ) has provided an update.
Frasers Logistics & Commercial Trust has announced a new A$50 million loan facility agreement involving APF Management Pty Ltd and the Commonwealth Bank of Australia. This agreement includes a specific condition that requires the lender’s consent if there is a change in the manager of FLCT, or if Frasers Property Limited ceases to hold a majority stake in the manager. Such conditions are indicative of the lender’s interest in maintaining stability and continuity in FLCT’s management structure, highlighting the importance of governance and managerial control for stakeholders.
More about Frasers Logistics & Commercial Trust
Frasers Logistics & Commercial Trust is a real estate investment trust based in Singapore, focusing on logistics and commercial properties. The trust is managed by Frasers Logistics & Commercial Asset Management Pte. Ltd., and it operates under the regulatory framework of Singapore’s financial laws.
YTD Price Performance: 0%
Average Trading Volume: 18,822
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.44B
For detailed information about BUOU stock, go to TipRanks’ Stock Analysis page.
