Singapore’s Frasers Centrepoint will use divestment to repay debts

Chicago, Oct. 31 – Frasers Centrepoint Trust announced that it would use the net proceeds from the completion of the divestment of Changi City Point to repay certain debts, according to a notice.

The company said that the net proceeds were approximately S$329.7 million from the S$338 million sale.

Frasers Centrepoint, a subsidiary of Frasers and Neave, Ltd., is a residential property developer and retail mall owner and operator in Singapore.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.