MLT to raise S$650m to partially fund Asia property acquisitions
Move will allow it to strengthen its connectivity across key logistics nodes and improve its supply chain resiliency
Singapore
MAPLETREE Logistics Trust (MLT) wants to raise up to S$650 million from unitholders via a private placement and preferential offering, to partially fund a S$1.09 billion acquisition of properties across China, Malaysia and Vietnam.
Analysts say the move will allow MLT to strengthen its connectivity across key logistics nodes and improve its supply chain resiliency. This is on top of the 1.3 per cent distribution per unit accretion and 6.6 per cent net asset value boost.
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