Macarthurcook REIT shareholders approve rescue by AMP

SINGAPORE Nov 23 (Reuters) - Shareholders of Macarthurcook Industrial Trust MCRT.SI approved a rescue package that means a group of investors led by Australia's AMP AMP.AXC will buy new shares in the firm at a heavy discount, said a source who attended an extraordinary general meeting of the REIT on Monday.

The rescue package had been opposed by Cambridge Industrial Trust (CMIT.SI), a Singapore real estate investment trust which owns nearly 10 percent of Macarthurcook. Cambridge is managed by a unit of National Australia Bank (NAB.AX). (Reporting by Kevin Lim; Editing by Neil Chatterjee) ((kevin.lim@thomsonreuters.com; +65 6403 5663; Reuters Messaging: kevin.lim.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))