The manager says it intends to use $626.6 million to partially fund the acquisitions and $17.5 million to pay the estimated professional and other fees and expenses incurred by the acquisitions and equity fund raising.
Following its announcement on Oct 20, the manager of Mapletree Logistics Trust (MLT) says it expects to raise some $644.1 million comprising $500.0 million from the private placement, and another $144.1 million from the preferential offering.
