BlackRock becomes Mapletree Logistics Trust’s substantial shareholder
Published Thu, Mar 2, 2023 · 07:34 PM
ASSET manager BlackRock is Mapletree Logistics Trust’s (MLT) latest substantial shareholder, the trust announced in a bourse filing on Thursday (Mar 2).
The filing stated that BlackRock on Feb 28 – through one of its subsidiaries – acquired just under 1.8 million units of MLT for a total consideration of about S$3 million via a market transaction. This works out to a unit price of S$1.69 for each MLT unit.
With the purchase, BlackRock’s deemed interest in MLT was lifted to about 242.1 million units or a stake of 5.02 per cent, from about 240.3 million units or a stake of 4.99 per cent previously.
Units of MLT ended Thursday at S$1.67, down 1.2 per cent or S$0.02.
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