The manager of Mapletree Logistics Trust (MLT) has announced that its equity fund raising launched on Nov 23 has closed with total gross proceeds of approximately $692.8 million, which will be used to partially fund its proposed acquisitions of 17 logistics assets in China, Vietnam and Japan.
Mapletree Logistics Trust raises $692.8 mil in equity funding for acquisitions in China, Vietnam and Japan
Atiqah Mokhtar • • 2 min read
The equity fund raise, comprising a private placement and a preferential offering, raised $400 mil and $292.8 mil respectively.
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