Frasers Centrepoint Trust (SGX:J69U) has completed the sale of White Sands mall after receiving the balance payment, according to a Wednesday filing to the Singapore stock exchange.
Earlier this year, the company's trustee, HSBC Institutional Trust Services (Singapore), agreed to sell the White Sands mall for SG$467 million to Growth Capital, the statement said.
The manager plans to use the net proceeds from the divestment to repay certain debt.
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