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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