The manager of Mapletree Industrial Trust (MINT) has announced that pursuant to its equity fund raising for its acquisition of 29 data centres in the US, the REIT will open the preferential offering of 117.6 million new units at an issue price of $2.64 per unit on June 3 at 9am.

See: Mapletree Industrial Trust seeks to raise $800 mil via private placement and preferential offering

The non-renounceable preferential offering will be on the basis of five new units for every 100 existing units held by eligible shareholders as of May 31.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook