Continue reading this on our app for a better experience

Open in App
Home Capital Insider moves

DBS acquires 1.56 mil units in MLT for $2.35 mil

Felicia Tan
Felicia Tan • 1 min read
DBS acquires 1.56 mil units in MLT for $2.35 mil
The units were bought via the market on Feb 1. Photo: MLT
Font Resizer
Share to Whatsapp
Share to Facebook
Share to LinkedIn
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

DBS Bank has acquired 1.555 million units in Mapletree Logistics Trust M44U -

(MLT) for $2.35 million or $1.51 per unit.

The units were bought via the market on Feb 1.

This brings DBS’s interest in MLT to 0.936%.

DBS last acquired units in MLT on Nov 3, 2023, when it bought 1 million units from the market at $1.54 million or $1.54 apiece.

It then sold 128,300 units via the market for $195,016 or $1.52 per unit on Nov 6.

For the 3QFY2023/2024, MLT reported a distribution per unit (DPU) of 2.253 cents, 1.2% higher y-o-y, bringing its total DPU for the 9MFY2023/2024 to 6.792 cents, 0.7% higher y-o-y.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
© 2024 The Edge Publishing Pte Ltd. All rights reserved.