This includes if the manager of FCT is not replaced by a substitute manager approved by the Monetary Authority of Singapore; or if Frasers Property Limited ceases to own at least 51% of the shares in the manager.
Frasers Centrepoint Trust (FCT) has entered into a $400 million green term loan and revolving credit facility.
There are specified conditions in relation to the green loan facility agreement which makes reference to the shareholding interest and places restrictions on a change of control of the company or change of the manager of FCT.
