Frasers Centrepoint : FCOT clinches Best Annual Report Award at the Singapore Corporate Awards 2017
For Immediate Release
FCOT clinches Best Annual Report Award at the Singapore Corporate Awards 2017
Singapore – 18 July 2017 – Frasers Centrepoint Asset Management (Commercial) Ltd (“FCAMCL” or the “Manager“), the manager of Frasers Commercial Trust (“FCOT“, SGX:FrasersComTr), is pleased to announce that FCOT received the Gold award for ‘Best Annual Report’ in the REITs and Business Trusts category at the prestigious Singapore Corporate Awards 2017 (“SCA“) which was held this evening.
This is the third major award that FCOT has won this year, after receiving Gold awards for ‘Best Governed and Most Transparent Company’ and ‘Best Corporate Communications and Investor Relations’ categories at The Global Good Governance Awards 2017TM in April 20171.
The SCA, which was launched on 19 September 2005 and is now into its 12th year, is jointly organised by the Institute of Singapore Chartered Accountants, the Singapore Institute of Directors and The Business Times; and is supported by the Accounting and Corporate Regulatory Authority and the Singapore Exchange. According to the SCA organisers, the Best Annual Report Award recognises outstanding annual reports that demonstrate excellent standards of disclosure, transparency, clarity, quality and presentation of information and sustainability reporting, amongst others.
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Analyst and media contact:
Ms. Wang Mei Ling
Senior Manager, Investor Relations
Frasers Centrepoint Asset Management (Commercial) Ltd Tel: +65 6277 2509
1 Please refer to the announcement dated 3 April 2017 for details.
About Frasers Commercial Trust
Frasers Commercial Trust (FCOT) is a commercial real estate investment trust (REIT) focused on growing shareholder value for its unitholders through active asset management, sound financial management and strategic investments. FCOT is sponsored by Frasers Centrepoint Limited (FCL).
FCOT invests primarily in quality income-producing commercial properties. As at 31 March 2017, its portfolio includes six quality commercial buildings located in Singapore and Australia, representing a combined appraised value of approximately S$2.0 billion.
FCOT, formerly known as Allco Commercial REIT, was listed on the Main Board of Singapore Exchange Securities Trading Limited (SGX-ST) on 30 March 2006.
On 14 August 2008, Frasers Centrepoint Limited acquired the manager of FCOT and units in FCOT and renamed the manager of FCOT, Frasers Centrepoint Asset Management (Commercial) Ltd.
For more information on FCOT, please visit www.fraserscommercialtrust.com
About Frasers Centrepoint Limited
Frasers Centrepoint Limited (“FCL”) is a full-fledged international real estate company and one of Singapore’s top property companies with total assets of S$25 billion as at 31 March 2017. FCL has three strategic business units – Singapore, Australia and Hospitality, which focus on residential, commercial, retail and industrial properties in Singapore and Australia, and the hospitality business spanning more than 80 cities across Asia, Australia, Europe, and the MENA region. FCL also has an International Business unit that focuses on China, Southeast Asia, and the United Kingdom.
FCL is listed on the Main Board of the Singapore Exchange Securities Trading Limited (“SGX-ST”). FCL is also a sponsor and its subsidiaries are the managers of three REITs listed on the SGX-ST, Frasers Centrepoint Trust, Frasers Commercial Trust, and Frasers Logistics & Industrial Trust that are focused on retail properties, office and business space properties, logistics and industrial properties respectively, as well as one stapled trust listed on the SGX-ST, Frasers Hospitality Trust (comprising Frasers Hospitality Real Estate Investment Trust and Frasers Hospitality Business Trust) that is focused on hospitality properties.
As a testament to its excellent service standards, best practices, and support of the environment, FCL is the proud recipient of numerous awards and accolades both locally and abroad.
This announcement may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward- looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from similar developments, shifts in expected levels of property rental income, changes in operating expenses, (including employee wages, benefits and training costs), property expenses and governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business.
Investors are cautioned not to place undue reliance on these forward-looking statements, which are based on the Manager’s current view on future events.
The value of Units and the income derived from them, if any, may fall or rise. Units are not obligations of, deposits in, or guaranteed by, the Manager or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested.
Investors should note that they have no right to request the Manager to redeem their Units while the Units are listed. It is intended that Unitholders may only deal in their Units through trading on SGX-ST. Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.
This publication is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for the Units. The past performance of FCOT and the Manager is not necessarily indicative of the future performance of FCOT and the Manager.
Frasers Commercial Trust published this content on 18 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 19 July 2017 00:43:07 UTC.