Mapletree Logistics (SG:M44U) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Mapletree Logistics Trust Management Ltd. has announced an investment of S$7.8 million by its subsidiary, GK MJI, into a Japan-based investment structure that holds six of MLT’s assets. This non-voting preferred equity investment amounts to 3.0% of the structure’s fair market value, with GK MJI to receive a corresponding share of returns without management rights. The transaction has been reviewed and deemed equitable and non-prejudicial to MLT and its minority unitholders by the Manager’s Audit and Risk Committee.
For further insights into SG:M44U stock, check out TipRanks’ Stock Analysis page.