The purpose is to raise gross proceeds of approximately S$2,040.7 million because the cash component payable by Mapletree Commercial Trust for the Scheme Consideration as a result of the merger is approximately S$2,454.5 million in aggregate A Preferential Offering of 1,018,382,531 new units of Mapletree Commercial Trust (“MCT”) will be issued at an issue price of S$2.0039 per new unit, on a pro rata basis of 306 new units for every 1,000 existing units in MCT held by the eligible unitholders. I think the big question in every existing investors of Mapletree Commercial Trust is whether they should apply for the new units at the offer price of S$2.0039? Should You Apply For the Preferential Offering? Based on the recent share price of Mapletree Commercial Trust, it certainly does not make sense. As of 15 July 2022, Mapletree Commercial Trust is trading at S$1.78 per unit on the stock market....