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.
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.
