BlackRock becomes Mapletree Logistics Trust’s substantial shareholder

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.