Stake changes: Mapletree Logistics Trust and Temasek

Singapore two-dollar bills

Singapore substantial shareholder changes: Mapletree Logistics Trust and Temasek Holdings.

Mapletree Logistics Trust and Temasek Holdings

Singapore state-owned investment company Temasek Holdings‘ deemed interest in Mapletree Logistics Trust rose to 33.44 percent from 31.93 percent previously, after Mulberry Pte. Ltd. received 106.38 million units of the trust for S$1.88 each, according to a filing to SGX Tuesday. 

Mulberry Pte. Ltd. is a subsidiary of Mapletree Investments, which is wholly owned by Temasek. Temasek also is deemed interested in units of Mapletree Logistics Trust via DBS and Fullerton, the filing said.

The units were received as consideration for the trust’s acquisition of 13 property assets in China and three logistics assets in Vietnam. 

Read more: Mapletree Logistics Trust to acquire logistics assets in China, Vietnam, Japan for S$1.47B