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Mapletree Industrial Trust to raise at least S$175m in private placement

Tue, Feb 12, 2019 – 8:24 AM

MAPLETREE Industrial Trust (MIT) is proposing a private placement of 90.44 million new units to raise gross proceeds of no less than about S$ 175 million, which will mostly be used to partly refinance the acquisition of 18 Tai Seng Street, the Reit’s manager announced in a Singapore Exchange filing on Monday night. This is subject to an upsize option being exercised to issue up to 12.92 million addit…
The Business Times

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