Mainboard-listed Frasers Centrepoint Trust (FCT) plans to acquire two shopping malls in Singapore for S$290.2 million. It will buy Northpoint 2 and YewTee Point from Yishun Development, a wholly-owned subsidiary of its parent, Fraser and Neave. FCT is proposing an equity fund raising of up to 152 million new units to partly finance the acquisitions, with the balance to be funded by borrowings. The...
