Home News REITs

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
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now