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MCT and MNACT unitholders give nod to form MPACT

The Edge Singapore
The Edge Singapore5/23/2022 09:17 PM GMT+08  • 2 min read
MCT and MNACT unitholders give nod to form MPACT
Festival Walk - MNACT's largest asset / Photo: MNACT
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Unitholders of both Mapletree Commercial Trust and Mapletree North Asia Commercial Trust have approved the proposed merger of the two REITs at their respective EGMs held earlier on May 23.

The two REITs will proceed to form Mapletree Pan Asia Commercial Trust, expected to be one of the ten largest REITs in Asia.

At MCT’s EGM, some 91.67% of the total number of votes were in favour of the merger. The other resolutions were passed as well.

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