Mapletree Commercial Trust Proposes Merger With Mapletree North Asia Commercial Trust

T-Reuters2021-12-31

Mapletree Commercial Trust :Proposed Merger Of Mapletree Commercial Trust And Mapletree North Asia Commercial Trust.Aggregate Scheme Consideration Is S$4,215.6 Million.Merger Is To Be Effected Through Acquisition By Mct Of All Issued And Paid-Up Units In Mnact.Consideration For Each Mnact Unit Is Either 0.5963 New Units In Mct Or Combination Of 0.5009 Units And S$0.1912 Cash.Through Merger, Mct Will Gain Ready Access To Footholds In Key Gateway Cities Across Asia.

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Comments

  • mirageak
    2022-01-03
    mirageak
    I think in long run, this is good strategic move. I like the change of MCT trust seed to follow MNACT to be dpu accreditive and dpu growth performance  rather than focus on size performance. This is more align with small retail investor like me. 
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