Frasers Property Reallocates Rights Issue Funds
Company Announcements

Frasers Property Reallocates Rights Issue Funds

Frasers Property (SG:TQ5) has released an update.

Frasers Property Limited has announced a re-allocation of the net proceeds from its Rights Issue, originally detailed in a series of announcements throughout 2021 and 2022, with the intention to invest in industrial, logistics, and business park assets (S$700 million), establish private funds for property investments (S$250 million), and cover general corporate purposes (up to S$330 million), totaling up to S$1,280 million.

For further insights into SG:TQ5 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Singapore Auto-Generated NewsdeskFrasers Property Liquidates Inactive German Subsidiaries
TipRanks Singapore Auto-Generated NewsdeskThai Beverage Finalizes Strategic Share Swap
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App