MLT placement oversubscribed; preferential offering's issue price set at S$1.99
Both components have been priced at the top ends of their indicative ranges
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Vivienne Tay
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Singapore
BOTH components of Mapletree Logistics Trust's equity fund-raising to finance its Asia acquisition spree have been priced at the top ends of their indicative ranges.
MLT's manager on Wednesday said the private placement was about 5.5 times covered, with the issue price fixed at S$2.027 per new unit.
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