Brief: Mapletree Pan Asia Commercial Trust Says Proposed Divestment Of Mapletree Anson

Mapletree Pan Asia Commercial Trust

30/05/2024 16:11

May 30 (Reuters) - Mapletree Pan Asia Commercial Trust
 MACT.SI :
    * PROPOSED DIVESTMENT OF MAPLETREE ANSON
    * DIVESTMENT CONSIDERATION OF S$775.0 MILLION
    * INTENDS TO USE NET PROCEEDS FROM DIVESTMENT TOWARDS DEBT
REDUCTION
    * ESTIMATED GAIN ON DISPOSAL OF  S$3.8 MILLION
    * ENTERED INTO PUT AND CALL OPTION AGREEMENT WITH UNRELATED
THIRD
PARTY FOR DIVESTMENT

Further company coverage:  MACT.SI 

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