Shares & Derivatives
Results of My Application for Frasers Logistics and Industrial Trust Preferential Offering
By My Sweet Retirement  •  June 17, 2018
Last month, I have bought Frasers Logistics and Industrial Trust which entitles me to the recent public placement via Preferential Offering. One Preferential Offering new unit was offered for every ten existing units of Frasers Logistics and Industrial Trust you held. Each new Preferential Offering new unit was offered at S$0.967. Based on the closing price of S$1.03 on 1st June 2018, the new Preferential Offering new units will be a 6.51% discount if you have applied for it. Yes, I have taken up the offer for the Preferential Offering and also subscribed for excess units. The results of my application was announced on 5th June 2018. A total of S$147.1 million was raised via this preferential offering. Together with the gross proceeds of approximately S$328.9 million raised from the Private Placement, gross proceeds of a total of approximately S$476.0 million have been raised by ......
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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.
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