Temasek-linked Mapletree Industrial Trust has launched Singapore's second biggest IPO this year and will raise as much as 1.2 billion Singapore dollars if the over allotment of 91.7 million shares is exercised. This was just a day after GIC's Global Logistic Properties launched the biggest share offering in Singapore since 1993. Mapletree has priced its IPO at 93 cents, the top end of its indicated...
Mapletree Industrial Trust
Mapletree Industrial Trust has planned to raise as much as S$1.2 billion in gross proceeds from a sale of its units. It's launching the initial public offering (IPO) to retail, institutional and cornerstone investors Mapletree Industrial Trust said it was offering 594.9 million units in its IPO. In a prospectus filed with the Monetary Authority of Singapore, the trust said the unit would be priced...
Mapletree Industrial Trust plans to raise about $800 million from an initial public offering in Singapore to buy six properties and repay debt, according to a term sheet sent to investors. The trust is offering 1.01 billion units, or up to 69 per cent of its market capitalisation, in the IPO, which includes a greenshoe - or overallotment option - of 91.75 million units. Trading will start on Oct 21,...
Singapore's Mapletree Industrial has acquired a property in Tokyo, Japan. Sun East Shinonome Building is Mapletree's first industrial property in Japan. The company, which invests in industrial real estate across Asia, said the acquisition has enabled it to diversify the fund's country portfolio. The Sun East Shinonome Building is a freehold light industrial building with a gross floor area of about...
Mapletree Industrial Trust (MIT) is deferring cash distributions to investors for at least two years because of stricter covenants by banks. The trust revealed this on Friday in a bid to address tenants' demands for a reduction in rents. MIT said its interest costs have doubled to S$23 million with the current credit crunch. It revealed that its shareholders have provided an additional S$140 million in...