Shareholders Approve MCT-MNACT Merger
At an extraordinary general meetings (EGM) held on Monday, shareholders of Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT) approved the S$4.02bn ($3.1bn) merger deal, announced in January this year, to create Mapletree Pan Asia...
MCT, MNACT Report Results
Mapletree Commercial Trust (MCT) reported a 3.4% decline in distribution per unit (DPU) to S$0.0514 for H2 2021. Gross revenue was down 1.8% to S$255.8mn during the period. The Reit’s manager noted that higher one-off adjustments due to property tax rebates and...
MCT, MNACT to Offer All-cash option of in Proposed Merger
The managers of Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT) are offering MNACT unitholders the entire consideration of S$1.1949 per unit, in a new cash-only scheme. This is a change as compared to its previous scheme when the S$...
