trending Market Intelligence /marketintelligence/en/news-insights/trending/AlDwn8LjsQY-aFZ3ucUmyg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Mapletree Logistics details results of preferential offering

Commercial Real Estate: 2020 Review

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Mapletree Logistics details results of preferential offering

Mapletree Logistics Trust received about 142.7% of the total number of new units available under its preferential offering, which closed Oct. 4.

The valid acceptances and excess applications in the offering totaled 356,918,571 new units. The gross proceeds raised by the company from the equity fundraising, including the roughly S$353.5 million raised from the private placement, totaled about S$640.0 million.

Under the preferential offering, the company will issue 250,187,292 new units at S$1.145 apiece, for roughly S$286.5 million in gross proceeds. Listing and quotation of such new units on the Singapore Exchange Securities Trading Ltd. are expected to take effect Oct. 12 at 9 a.m.

Immediately after the closing of the preferential offering, company sponsor Mapletree Investments Pte. Ltd. will have a total deemed interest in 1,086,093,329 units.

As of Oct. 5, US$1 was equivalent to S$1.36.