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 …