Mapletree Commercial to make preferential offering to fund new cash-only option for MNACT bid
Mapletree Commercial Trust and Mapletree North Asia Commercial Trust (MNACT) have revised their merger bid to include a cash-only option.
Mapletree Commercial Trust and Mapletree North Asia Commercial Trust (MNACT) have revised their merger bid to include a cash-only option.
SG stocks Monday, 14 Feb 2022: Mapletree Commercial, MNACT, Quarz, Olam, Straits Trading, Aspen, Raffles Education, StarHub, Luminor and DHLT.
Both Mapletree Commercial Trust and MNACT responded Friday to criticism of their proposed merger’s terms by shareholder, Quarz Capital.
Quarz Capital is opposed to the terms of the merger between Mapletree Commercial Trust and MNACT, according to a Reuters report Thursday.
Moody’s placed Mapletree Commercial Trust’s Baa1 issuer rating on review for a downgrade on the merger bid for MNACT.
CICT is now the preferred pick over Mapletree Commercial for large Singapore-centric commercial property exposure, Daiwa said Monday.
Mapletree Commercial Trust may see waning investor interest after its merger bid for Mapletree NAC Trust, Maybank said Monday.
Opinion: MCT holders are being asked to approve the acquisition of an underperforming REIT at a hefty premium.
MCT’s units should see “considerable” buying in May if unitholders approve the MNACT merger, said Quiddity Advisors’ analyst Travis Lundy.
Mapletree Commercial’s and MNACT’s proposed merger is reasonably priced, said Arun George, an analyst at Global Equity Research.
SG stocks Mon., 3 Jan 2021: Mapletree Commercial, MNACT, Koh Brothers Eco, Oiltek, Fuxing China, TIH, Challenger, Vallianz , Hanwell, and Informatics.
Sharon Lim, CEO of Mapletree Commercial Trust’s manager, said Friday that for MCT to venture overseas, it either needed to go big or stay home. It went big.