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CGS-CIMB lowers Frasers Property’s TP following announcement of $1.28 bil rights issue - THE EDGE SINGAPORE

Broker's Calls

CGS-CIMB lowers Frasers Property’s TP following announcement of $1.28 bil rights issue

The sum will be raised through the issuance of up to 1,085.3 million new shares at $1.18 per unit.
Frasers Property plans $1.28 billion rights issue to acquire more industrial and logistics assets - THE EDGE SINGAPORE

Property

Frasers Property plans $1.28 billion rights issue to acquire more industrial and logistics assets

For each 100 existing shares held by shareholders now, they are entitled to take up 37 rights shares.
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