Shareholders of Fraser Commercial Trust (FCOT) should already receive a circular notice stating their intention to purchase the 357 Collins Street at an estimated price of AU$200 Million. These development gets interesting because of certain situations that draw parallel to the recent case of Lippo Mall Trust (LMIRT) for their acquisition of Kemang mall, which I am familiar with and will bring more attention to it later. As we know, the management of FCOT has stated that the acquisition will increase its forecasted NPI by 14.7% as well as increase its DPU by 0.8% on the enlarged portfolio. The main reason for this is because the acquisition is supposedly meant to be yield accretive which would be funded through internal cash, debt and private placement of equity. This calculation was done when the share price of FCOT was languishing at the top of somewhere around $1.58, ......