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MCT proposing placements to raise at least S$902.3m to fund acquisition
It includes private placement of 200.9m new units and a non-renounceable preferential offering of about 205.6m new units
Add BT as a preferred sourcePublished Wed, Oct 16, 2019 · 09:50 PM
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Singapore
MAPLETREE Commercial Trust (MCT) has proposed an equity fundraising to raise at least S$902.3 million to partially fund its S$1.55 billion acquisition of Mapletree Business City (Phase 2), its manager said on Wednesday.
The Reit (real estate investment trust) manager also announced that it had obtained unitholders' approval at an extraordinary general meeting on Tuesday for the proposed acquisition, which would enlarge MCT's asset size from S$7.4 billion to S$8.9 billion.
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