Company Briefs

MGCCT's Q3 DPU exceeds forecast

MAPLETREE Greater China Commercial Trust (MGCCT) yesterday announced a distribution per unit (DPU) of 1.518 cents for the third quarter ended Dec 31, 2013. This is 16.6 per cent more than the forecast DPU of 1.302 cents. Its DPU for the period from the listing date of March 7, 2013 to Dec 31, 2013, is 4.693 cents, exceeding the forecast of 4.178 cents by 12.3 per cent. Its annualised distribution yield for the third quarter is 6.5 per cent and 7.6 per cent, respectively, over the initial public offer price of 93 cents per unit and over yesterday's close of 79.5 cents per unit.

Cordlife begins legal proceedings