The Frasers Centrepoint Trust (FCT) preferential offering will offer entitled unitholders the right to buy 54 new units at S$2.05 each for every 1,000 units held. Frasers Centrepoint Trust to acquire Northpoint City South Wing Frasers Centrepoint Trust (FCT) is acquiring Northpoint City South Wing from its sponsor Frasers Property Limited (FPL), for a total acquisition cost of approximately S$1.17 billion. The manager intends to fund the acquisition via proceeds from an equity fundraising (EFR) comprising a private placement to raise around S$200 million and a preferential offer to raise another S$200 million, debt financing, and the issuance of perpetual securities to raise an additional S$200 million. Source: Company data About Northpoint City South Wing Northpoint City South Wing (NPCSW) is located in Yishun and has a net lettable area (NLA) of 301,579 square feet with a two-storey retail complex and two basement levels. NCSW enjoys a committed occupancy of 100% and is the largest prime suburban mall in the north region of Singapore....