On 28th Sep 2020 Frasers Centrepoint Trust announced another equity fund raising to raise approximately S$1.33 billion to part-finance the acquisition of the remaining 63.1% stake in PGIM Asia Retail Fund.  The equity fund raising comprised on a private placement at $2.35 per unit thereby raising S$575 million.  A preferential offering for existing unitholder of 290 unit for every 1000 unit at an issue price of S$2.34 raising S$759 million.  As an unitholder since 2016, I was eligible for the preferential offering.  So is it a no brainer and just jump in to take up the offer ?
Unfortunately, the answer is NO.  I did a check as in May 2019, they also did an equity fund raising of private placement and preferential offering to raise S$421 million to acquire a 33.33% interest in Waterway point.  The private placement price was S$2.382/unit while the preferential offering was S$2.35/unit.  Almost...