Mapletree Logistics Trust eyes $640 mil from equity fund raising to partially fund HK acquisition

SINGAPORE (Sept 13): Mapletree Logistics Trust is planning an equity fund raising to raise gross proceeds of up to $640 million to partially fund its latest acquisition in Hongkong and finance redemption of perpetual securities.

See: Mapletree Logistics Trust to acquire Hong Kong warehouse for $834.8 mil

The equity fund raising consists of a private placement at new units at an issue price of between $1.143 and $1.175 to raise gross proceeds of between $353.5 million and $361.5 million and a preferential offering on the basis of one new MLT unit for every 10 existing units to eligible unitholders at an issue price of between $1.113 and $1.145.

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