Frasers Centrepoint enters SGX Mainboard

It's under the stock code of 'TQ5'.

In a release, Singapore Exchange announced the listing of Frasers Centrepoint Limited on Mainboard via introduction, under the stock code of “TQ5”.

Frasers Centrepoint is a Singapore real estate company focused on residential, commercial and hospitality property spanning 19 countries across Asia, Australasia, Europe, and the Middle-East. It is the sponsor of two real estate investment trusts listed on SGX Mainboard – Frasers Centrepoint Trust and Frasers Commercial Trust. The company is also formerly the property development and investment arm of Fraser and Neave Limited.

Lim Ee Seng, Group CEO of Frasers Centrepoint, said: “This marks a significant milestone in our corporate history, as we begin a new chapter as a full-fledged international real estate group listed on SGX. The listing will further raise our profile and provide us with an effective platform to tap the capital markets in the future as we expand our asset portfolio and pursue growth opportunities.”

Lawrence Wong, Head of Listings at SGX, said: “We are pleased to welcome Frasers Centrepoint to SGX Mainboard. Their listing adds to the strength of our real estate sector and we look forward to supporting them in their next phase of growth.”

The listing of Frasers Centrepoint brings the total number of SGX-listed property and real estate investment trusts to 78 with total market capitalization of $164 billion.