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Mapletree Commercial Trust launches equity fund raising to raise more than $902 mil to help fund MBC 2 acquisition

Stanislaus Jude Chan
Stanislaus Jude Chan10/16/2019 10:29 AM GMT+08  • 3 min read
Mapletree Commercial Trust launches equity fund raising to raise more than $902 mil to help fund MBC 2 acquisition
SINGAPORE (Oct 16): The manager of Mapletree Commercial Trust (MCT) has proposed an equity fund raising to raise gross proceeds of no less than $902.3 million.
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SINGAPORE (Oct 16): The manager of Mapletree Commercial Trust (MCT) has proposed an equity fund raising to raise gross proceeds of no less than $902.3 million.

This comes after unitholders on Tuesday approved the proposed $1.58 billion acquisition of Mapletree Business City (Phase 2) (MBC 2) along with the common premises.

The equity fund raising will comprise an offering of a total of 406.5 million new units in MCT via a private placement and a preferential offering.

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