The new units are to raise gross proceeds of $350.0 million. The units are subject to an upsize option being exercised to issue up to 18.3 million additional new units to raise additional gross proceeds of some $50 million.
SINGAPORE (June 23): Following the announcement of its acquisition, the manager of Mapletree Industrial Trust (MINT) stated on Tuesday that it has launched a proposed private placement of 128.1 new units to eligible institutional, accredited and other investors at an issue price of between $2.732 and $2.800 per new unit.
