I subscribed to 4,000 Frasers Centrepoint Trust (FCT) preferential offer (PO) shares at $2.05 today. As I currently own 12,000 FCT shares, my entitled right is 648 FCT PO shares based on the allocation ratio of 54 shares per 1,000 shares owned. My Subscription of 4,000 PO shares include the 648 entitled shares and 3,352 excess shares. In Mar 2025, Frasers Centrepoint Trust (FCT) has issued 105.3m shares at $2.09 from private placement to institutional investors to raise funds of $220m to partially fund the acquisition of Northpoint City South Wing from North Gem Trust for $1.2b. This PO exercise for retail investors will raise another $201.3m and the last date/time of acceptance will be on this Wednesday, 16 April 2025 at 5.30pm. This yield accretive acquisition of Northpoint City South Wing is a strong diversification and consolidation move to cement FCT's position as heartland mall king in Singapore. After the acquisition, FCT effectively owns Northpoint City fully and will still be the only pure local retail mall Reit in...