THE following companies saw new developments that may affect trading of their securities on Friday (Mar 31):
Mapletree Logistics Trust has agreed to buy a set of warehouses in Japan, South Korea and Australia from CBRE Investment Management funds.
The asset is near the upcoming Moorebank Intermodal Terminal and has an agreed value of A$125.7 million ($84.3 million), a 2.6 percent discount to independent valuation. MLT’s gross floor area in Greater Tokyo, the Seoul metropolitan area and Sydney will increase by a respective 57 percent, 12 percent and 43 percent upon completion of the transaction, the trust’s manager said. The world’s biggest asset manager acquired just under 1.8 million units of the trust for a total of S$3 million, raising its stake to above the 5 percent threshold to be considered a substantial unitholder. Completed in 2020, the 78,175 square metre facility’s agreed value of KRW 144.8 billion ($110 million) represents a 6.1 percent discount to independent valuation. The Greater Tokyo assets are in the cities of Kasukabe, Shiroi, Soka and Chiba within Route 16, a highway accessing densely populated areas of Central Tokyo and Greater Tokyo. The REIT sponsored by Temasek-owned Mapletree Investments will finance the acquisition in part through a [S$200 million private placement](https://links.sgx.com/FileOpen/20230330-MLT-Avalon-Launch%20of%20Private%20Placement.ashx?App=Announcement&FileID=751697) of new units.
Mapletree Logistics Trust (MLT) is acquiring eight logistics assets in Japan, Australia and South Korea for a combined value of S$913.6m (€634m).
The price for the Seoul property is KRW144.8bn (€103m). The trust proposed an equity fund-raising through private placement to raise S$200m. The assets are owned by different vendors in all three locations.
Trading of the new units on the Singapore Exchange Securities Trading Limited (SGX-ST) will commence on 11 April at 9 am. Follow the link for more ...
Mapletree Logistics Trust (MLT) will issue 121,285,000 new units under its private placement at $1.649. Trading of the new units on the Singapore Exchange Securities Trading Limited (SGX-ST) will commence on 11 April at 9 am. Mapletree Logistics Trust prices new units under private placement at $1.649
NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, EUROPEAN ECONOMIC AREA, THE UNITED KINGDOM, CANADA, JAPAN OR AUSTRALIA ) ... | March 30, 2023.
The above timetable may be subject to change. Failure to comply with any of these requirements will render Form A and Form B invalid and the trustee and the Manager of MLT will be obliged to deduct tax at the rate of 17% from the distribution. The gross distribution received by these Unitholders (irrespective of their tax residence status) is exempt from tax if it is not derived through a partnership in Singapore or from the carrying on of a trade, business or profession. no tax will be deducted from it):- The following categories of Unitholders will receive a gross distribution (i.e. The following paragraphs describe the circumstances in which tax will or will not be deducted from the taxable income component of the distribution. The capital component of the distribution is treated as a return of capital for Singapore income tax purposes. The tax-exempt income component of the distribution is exempt from tax in the hands of all Unitholders. Unitholders whose securities accounts with The Central Depository (Pte) Limited are credited with Units as at 5.00 p.m. This range is an estimate only based on information currently available to the Manager and the Manager's estimate of MLT's revenue and expenses for the relevant period on a pro rata basis and the actual Cumulative Distribution may differ. A further announcement on the actual quantum of distribution per Unit (which may differ from the estimate above) under the Cumulative Distribution will be made by the Manager in due course. NOTICE IS HEREBY GIVEN that pursuant to the Private Placement (as defined herein), the Transfer Books and Register of Unitholders of Mapletree Logistics Trust ("MLT") will be closed at 5.00 p.m.
THE manager of Mapletree Logistics Trust (MLT) on Thursday (Mar 30) said it is in the process of buying eight logistics properties in Japan, Australia and ...