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Mapletree Logistics closes S$848M purchase of Hong Kong warehouse

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Mapletree Logistics closes S$848M purchase of Hong Kong warehouse

Mapletree Logistics Trust's manager announced the completion of the acquisition of the Mapletree Logistics Hub Tsing Yi asset in Hong Kong for about S$847.6 million.

The company partly funded the acquisition using proceeds from its recent roughly S$640.0 million equity fundraising and the drawdown of its loan facilities.

As of Oct. 12, US$1 was equivalent to S$1.35.