I nibbled Mapletree Logistics Trust to initiate a new position in Sep 2020. On 19 Oct 2020, MLT announced the proposed acquisition of a 50% stake in 15 China logistics properties, 100%  stake in 7 China logistics properties, Mapletree Logistics Hub, Tanjong Pelepas, Malaysia and Mapletree Logistics Hub Bac Ninh, Vietnam Phase 3, all valued at SGD1.067B. The acquisition will be funded by a combination of debt and equity. Mapletree Changsha Logistics Hub The logistics properties to be acquired are built to Grade A specifications, with strong floor load, high ceilings, large floor plates, and ramp access, with majority having cross-docking features that cater to fast goods movement. Situated in Key Asian logistics hubs in China, Malaysia and Vietnam, well-connected to transport infrastructure of highways, railways, air and sea ports, and near large population catchments for labour, these properties are riding on the waves of booming e-commerce. I had decided to participate in this equity fund raising of preferential...