MNACT unitholders appeased by all-cash option in proposed MCT merger
On top of all-cash option of S$1.1949 per unit, MCT to make preferential offering of S$2.0039 per unit to fund additional cash requirement
Singapore
THE managers of Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT) are now offering MNACT unitholders the option to receive the entire scheme consideration of their proposed merger, of S$1.1949 per unit, wholly in cash.
MCT will also make a preferential offering of S$2.0039 per unit to fund the additional cash of up to S$2.2 billion required in the new cash-only option.
TRENDING NOW
Once staunchly pro-China, Malaysian Chinese businesses are now distancing themselves from Beijing
Britain’s mansion tax shows the difficulty of targeting wealth
Three hats, one goal: How Ng Kian Swan runs sustainability at NUHS
COE review: The gap between luxury and mass-market cars isn’t the only one worth bridging
