DBS Bank acquired 750,000 units in Mapletree Logistics Trust M44U (MLT) for a total of $1.13 million or $1.51 apiece.
The units were acquired via the market on Oct 19.
Following the acquisition, DBS’s stake in MLT rose to 0.8596%.
MLT, on Oct 24, reported a distribution per unit (DPU) of 2.268 cents for the 2QFY2024 ended Sept 30, 0.9% higher y-o-y. Its DPU for the 1HFY2024 rose by 0.5% y-o-y to 4.539 cents.
Units in MLT closed flat at $1.47 on Oct 26.
