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$1.1949 per unit, in a new cash-only scheme. This is a change as compared to its previous scheme when the S$...
Activist Investor Quarz Capital Opposes Mapletree REITs Merger Terms; Oxley Reports Results
Activist investor Quarz Capital Management has opposed to terms of the proposed S$4.2bn ($3.1bn) merger of Mapletree North Asia Commercial Trust (MNACT) and Mapletree Commercial Trust (MCT), stating that the deal undervalues MNACT. This comes over a month after the...
Mapletree Commercial on Review for downgrade, MNACT for Upgrade
Following the merger announcement between Mapletree Commercial Trust (MCT) with Mapletree North Asia Commercial Trust (MNACT), Moody’s has placed the former’s Baa1 rating on review for downgrade and the latter’s Baa3 rating on review for upgrade....
