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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

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MLT is looking to acquire nine logistics properties in China, Malaysia and Vietnam, and also the remaining 50 per cent interest in 15 properties in China.

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...

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