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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


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...

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