The Manager of Frasers Centrepoint Trust (SGX:J69U) (FCT) announced that its Preferential Offering was oversubscribed with application received for a total of 460 million preferential offering units at close of the offer on 19 October. This was 141.8% of the total number of preferential offering units available. A total of 324.6 million Preferential Offering Units will be issued at the issue price of S$2.340 per Preferential Offering Unit, raising gross proceeds of approximately S$759.7 million. Together with the gross proceeds of approximately S$575.0 million raised from the Private Placement, gross proceeds of a total of approximately S$1,334.7 million have been raised from the Equity Fund Raising. The Sponsor of FCT, Frasers Property Limited, will hold 40.7% interest in FCT via an aggregate deemed interest in 687.8 million Units, after the completion of the Preferential offer. The Preferential Offering Units are expected to be listed on the Mainboard from 9am...