FCOT – BT
FCOT plans 5-to-1 unit consolidation
Frasers Commercial Trust (FCOT) said on Tuesday that it is proposing to consolidate every five existing units in FCOT into one unit.
It believes that the consolidation will increase in the theoretical trading price of each consolidated unit as well as improve the market perception and attractiveness of FCOT and its units.
FCOT also believes that the consolidation will reduce the magnitude of volatility of its unit price and market capitalisation due to the minimum bid and ask spread.
Comments are Closed