Continue reading this on our app for a better experience

Open in App
Floating Button

Mapletree Logistics Trust completes the acquisition of 12 logistics assets in China

Khairani Afifi Noordin
Khairani Afifi Noordin • 1 min read
Mapletree Logistics Trust completes the acquisition of 12 logistics assets in China
Approximately 97.5% of the gross proceeds of the equity fund raising it raised in Nov 2021 has been used to fund the acquisition
Font Resizer
Share to Whatsapp
Share to Facebook
Share to LinkedIn
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

The manager of Mapletree Logistics Trust (MLT) has announced the acquisition completion for 12 out of the 13 logistics assets it has proposed to acquire in China.

Approximately $675.5 million, or 97.5% of the gross proceeds of the equity fund raising it raised in Nov 2021 has been used to partially fund the acquisition, it said in a filing.

The remaining 2.5% of the gross proceeds or approximately $17.3 million will be used to pay the professional and other fees and expenses incurred by MLT in connection with the acquisitions and the equity fund raising.

On Nov 22, MLT announced that it will acquire the 13 logistics assets in China for RMB4.1 billion and three logistics properties in Vietnam for US$95.9 million.

Units in MLT closed flat at $1.78 on Jan 20.

Highlights

Re test Testing QA Spotlight
1000th issue

Re test Testing QA Spotlight

×
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
© 2024 The Edge Publishing Pte Ltd. All rights reserved.