Frasers Centrepoint weighs $470m White Sands divestment
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Frasers Centrepoint Trust (FCT) is considering the divestment of White Sands mall for over $470 million. The trust's manager, Frasers Centrepoint Asset Management Ltd, confirmed ongoing discussions but noted that no transaction is guaranteed. They will disclose any material developments via SGXNET as required by the Singapore Exchange. Investors are advised to exercise caution and seek professional advice when dealing with FCT units.
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