FSL Trust Finalizes USD 31.4 Million Share Offering

FSL _trust

FSL Trust Management has raised USD 31.4 million (SGD 43.03 million) through its preferential share offering.

On June 4, the trustee-manager of Singapore-based First Ship Lease Trust said it completed the share fundraiser, that included the sale of over 956 million new units.

The company explained that around 430 million of these shares were valid acceptances, while 526 million were excess applications.

The 956 million new units are expected to be allotted and issued on or around June 7, 2019 and listed and quoted on the Main Board of the SGX-ST on June 10, 2019.

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