Brief: Mapletree Commercial Trust Proposes Merger With Mapletree North Asia Commercial Trust

Mapletree Pan Asia Commercial Trust

31/12/2021 01:07

Dec 31 (Reuters) - Mapletree Commercial Trust  MACT.SI :
    * PROPOSED MERGER OF MAPLETREE COMMERCIAL TRUST AND
MAPLETREE
NORTH ASIA COMMERCIAL TRUST
    * AGGREGATE SCHEME CONSIDERATION IS S$4,215.6 MILLION
    * MERGER IS TO BE EFFECTED THROUGH ACQUISITION BY MCT OF ALL
ISSUED AND PAID-UP UNITS IN MNACT
    * CONSIDERATION FOR EACH MNACT UNIT IS EITHER 0.5963 NEW
UNITS IN
MCT OR COMBINATION OF 0.5009 UNITS AND S$0.1912 CASH
    * THROUGH MERGER, MCT WILL GAIN READY ACCESS TO FOOTHOLDS IN
KEY
GATEWAY CITIES ACROSS ASIA

Source text for Eikon:  ID:nSNZ3gWgvL 
Further company coverage:  MACT.SI 

 ((Reuters.Briefs@thomsonreuters.com;))