Stocks to watch: Frasers Centrepoint Trust, Frasers Property, CMT, CCT, PLife Reit

Frasers Centrepoint Trust , Frasers Property:to buy the rest of AsiaRetail Fund from its sponsor Frasers Property for some S$1.06 billion. Separately, FCT plans to divest Bedok Point to Frasers Property for a sale price of S$108 million. FCT units fell S$0.08 or 3.1 per cent to S$2.54 on Thursday before the announcement. Shares of Frasers Property closed at S$1.16 on Thursday, down S$0.01 or 0.9 per cent.

The long-stop date for the proposed merger between the two property real estate investment trusts , their managers announced on Friday. Both Reits will hold their respective unitholder meetings on Sept 29 to seek approval for the proposed deal. CMT units closed flat at S$1.96 on Thursday, while CCT units finished at S$1.68, up S$0.01 or 0.6 per cent.after the close of business on Sept 18. The counter rose S$0.03 or 0.8 per cent to S$3.89 on Thursday, before this announcement.

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Singapore stock watch: Frasers Centrepoint Trust, Frasers Property, CMT, CCT, PLife Reit, MindChampsSINGAPORE (THE BUSINESS TIMES) - The following companies saw new developments that may affect trading of their securities on Friday (Sept 4):. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Broker's take: Jefferies upgrades Mapletree Commercial Trust, Suntec Reit to 'buy'JEFFERIES Singapore has upgraded its recommendation on Mapletree Commercial Trust (MCT) and Suntec Real Estate Investment Trust (Suntec Reit) to 'buy' from 'hold'. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »