Shares & Derivatives
9 things I learned from Mapletree Commercial Trust’s 2016 EGM
By The Fifth Person  •  August 2, 2016
On 5 July 2016, Mapletree Commercial Trust (SGX: N2IU) (MCT) announced a proposed acquisition of an office and business park property, Mapletree Business City (MBC), for a purchase consideration of $1.78 billion. This will be MCT’s second acquisition since its IPO. As a unitholder myself, I attended the extraordinary general meeting MCT held immediately after its FY2016 AGM to find out more details about the proposed acquisition and to vote on the proposed resolutions. Here are 9 things I learned from Mapletree Commercial Trust’s 2016 EGM:

1. MCT is acquiring Phase 1 of MBC

MCT is acquiring Phase 1 of MBC which comprises an office tower and three business park blocks. Phase 1 was completed in April 2010 while Phase 2 of MBC is currently under development and is due for completion this year. The leasehold for MBC (Phase 1) is 80 years till 2096.

2. Total acquisition cost ...

...
Read the full article
By The Fifth Person
The Fifth Person believes in spreading a message that financial literacy and sound investment knowledge can help people around the world achieve financial independence and lead better lives for themselves and their loved ones.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance