by: Tam Ging Wien
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Frasers Centrepoint Trust (FCT) announced that it is proposing to raise up to S$1,394.2mil in an equity fund raising exercise in a bid to acquire all the remaining 63.1% stake in AsiaRetail Fund (ARF) at a purchase consideration of S$1,057.4mil. Including all acquisition fees and duties to be paid, the total acquisition cost will be S$1,108.8mil. FCT intends to use the difference between the amount raised and the