Mapletree Commercial Trust's preferential offering 1.45 times subscribed

Published Mon, Nov 11, 2019 · 01:53 PM

MAPLETREE Commercial Trust (MCT) has raised S$460.5 million in gross proceeds from its preferential offering, which was 1.45 times subscribed, it said on Monday night.

Some 205.6 million new units will be issued on the basis of 71 new units for every 1,000 existing units in MCT. The issue price for the new units is S$2.24 apiece. They will begin trading on the main board of the Singapore Exchange with effect from 9.00 a.m. on Nov 15.

Together with the gross proceeds of S$458 million raised from the private placement, MCT has raised gross proceeds of S$918.5 million from the equity fund raising exercise. 

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Companies & Markets

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here