Mapletree North Asia Commercial Trust (MNACT) and Mapletree Commercial Trust (MCT) have simultaneously requested for a trading halt on Tuesday morning (Dec 28), pending undisclosed announcement.
The Edge Singapore has reached out to both REITs for more information regarding the announcement. MNACT has declined to comment.
Both REITs' assets consist of mainly retail, office and commercial properties. MNACT’s portfolio consists of properties across China, Hong Kong, Japan and South Korea, while MCT’s portfolio comprises five properties in Singapore.
In contrast, the assets of the other two Mapletree REITs — Mapletree Industrial Trust and Mapletree Logistics Trust mainly consist of warehouses and factories, as well as data centres.
There have been a number of REITs that have merged over the past few years — the most notable mergers include the merger of OUE Commercial REIT and OUE Hospitality Trust’s merger in 2019 as well as the merger of CapitaLand Mall Trust and CapitaLand Commercial Trust last year.
As at Sept 30, the net asset value (NAV) per unit for MNACT was $1.26 while the NAV per unit for MCT was $1.72. They last traded at $1.11 and $2.
