The private placement is subject to an upsize option to issue up to 25.3 million additional new units to raise additional proceeds of up to $50.0 million.
The manager of Mapletree Logistics Trust (MLT) is seeking to raise gross proceeds of $650.0 million through a proposed equity fund raising of new units in the trust.
The fund raising will be done through a private placement of between 222.0 million to 228.1 million new units at an issue price of between $1.973 and $2.027 per new unit to raise gross proceeds of $450.0 million.
