Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
$25.00
Provider: Reuters Investment Profile
$20.00
Provider: Wright Reports
$75.00
Provider: Directors Deals Ltd.
$12.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Mapletree Commercial Trust Management Ltd Announces Private Placement Of Up To 197,369,000 New Units


Thursday, 24 Jan 2013 10:26am EST 

Mapletree Commercial Trust Management Ltd announced that it is proposing a private placement (the Private Placement) of up to 197,369,000 new units in MCT (New Units), at the issue price (the Issue Price) of between SGD1.14 and SGD1.18 per New Unit (the Issue Price Range) to raise gross proceeds of approximately SGD225.0 million. Citigroup Global Markets Singapore Pte. Ltd., DBS Bank Ltd., Deutsche Bank AG, Singapore Branch and Goldman Sachs (Singapore) Pte. have been appointed as the joint global coordinators, bookrunners and underwriters for the Private Placement (the Joint Bookrunners) on the terms and subject to the conditions of the placement agreement entered into between the Manager and the Joint Bookrunners pursuant to which the Joint Bookrunners have agreed to, inter alia, procure subscriptions for and payment for, or place out, or failing which to subscribe and pay for, the New Units under the Private Placement at the Issue Price. The Manager intends to use the net proceeds from the Private Placement to part fund the Acquisition. The Manager intends to allocate the gross proceeds raised from the Private Placement of approximately SGD225.0 million in the following manner: approximately SGD218.2 million will be used to part fund the Acquisition; and approximately SGD6.8 million will be used to pay for the estimated professional and other fees and expenses, incurred or to be incurred by MCT in connection with the Acquisition. 

Company Quote

1.455
-0.0050 -0.34%
18 Dec 2014