Mapletree Trust seals $335m share sale at tight end

singapore px230
By Jonathan Breen
17 Oct 2019

Mapletree Commercial Trust has raised S$458m ($335m) from a placement of new units, pricing the issue at the top of guidance after a strong turnout from new and existing investors.

The real estate investment trust (Reit) hit the market on Wednesday, immediately after getting shareholder approval for the deal at an extraordinary general meeting the day before.

Mapletree issued 200.9m new units for the placement, which it offered at S$2.24-$2.28 apiece, seeking proceeds anywhere from S$450m to ...

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