Corporate digest

Mapletree Logistics Trust

MAPLETREE Logistics Trust (MLT) has agreed to divest the Mapletree Waigaoqiao Logistics Park in Shanghai to a subsidiary of Nasdaq-listed GDS Holdings. The final consideration will be based on the divestment interest of 330 million yuan (S$64 million) for the property, the adjusted net asset value of the special purpose vehicle that holds the property, as well as related intercompany loans granted to it.

The 330 million yuan for the property is 108 per cent above MLT's original purchase price of 158.3 million yuan paid in 2008 and 68 per cent above the property's valuation of 196.9 million yuan as at March 31.