HSBC Institutional Trust Services (Singapore) Limited entered into agreement to acquire Fcl Emerald (1) Pte Ltd. from Frasers Property Limited (SGX:TQ5) for SGD 8.2 million on January 25, 2024. The consideration consists of SGD 8.20 million in cash. The transaction is subject post-Completion adjustments. The transaction is subject to obtaining a confirmation from the Inland Revenue Authority of Singapore.

HSBC Institutional Trust Services (Singapore) Limited completed the acquisition of Fcl Emerald (1) Pte Ltd. from Frasers Property Limited (SGX:TQ5) on March 26, 2024.