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BlackRock becomes Mapletree Logistics Trust’s substantial shareholder

Uma Devi

Uma Devi

Published Thu, Mar 2, 2023 · 07:34 PM
    • MLT has completed redevelopment works at Toh Guan Road East. Separately on Thursday, the company announced that BlackRock has become its latest substantial shareholder.
    • MLT has completed redevelopment works at Toh Guan Road East. Separately on Thursday, the company announced that BlackRock has become its latest substantial shareholder. PHOTO: MAPLETREE LOGISTICS TRUST

    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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