You are here

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

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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes