Mapletree Logistics (SG:M44U) has released an update.
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Mapletree Logistics Trust has issued new units to its Manager as payment for acquisition fees following the purchase of the Mapletree Logistics Hub – Jubli Shah Alam. The transaction involved issuing 594,434 units at a price of S$1.3494 each, based on 0.5% of the acquisition price of the Malaysian property, completed on May 17, 2024. This strategic move aligns with the company’s investment framework and expands its asset portfolio.
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