Mapletree Commercial Trust (SG:N2IU) has released an update.
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Mapletree Pan Asia Commercial Trust, managed by MPACT Management Ltd., has issued over 4 million new units to its Manager as partial payment for management services rendered in the first quarter of 2024. The units are priced based on a weighted average, with the remainder of the management fee paid in cash. This strategic move increases the Manager’s stake in MPACT and aligns management’s interests with those of unit holders, signaling a growth-oriented approach to trust management.
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