The manager of Mapletree Logistics Trust (SGX:M44U) (MLT) is undertaking a private placement as well as a non-renounceable preferential offering to raise gross proceeds of up to S$650 million. The gross proceeds raised will be used to fund the proposed acquisition of 24 properties in China, Malaysia and Vietnam, which was announced by MLT on Monday in a separate bourse filing. Citigroup Global Markets Singapore Pte. Ltd., DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch and Oversea-Chinese Banking Corporation Limited have been appointed as the joint global co-ordinators and bookrunners for the Equity Fund Raising Private Placement A private placement is a sale of stock shares or bonds to pre-selected investors and institutions rather than on the open market. MLT will be offering between 222 million to 228.1 million new units under the Private Placement to eligible institutional, accredited and other investors.  ...