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An announcement from Mapletree Logistics ( (SG:M44U) ) is now available.
Mapletree Logistics Trust Management Ltd. announced that one of its subsidiaries has entered into a loan agreement with conditions similar to existing debt facilities. These conditions require MLTM to remain as the manager of MLT and for the manager to remain a subsidiary of Mapletree Investments Pte Ltd. A breach of these conditions could affect debt facilities amounting to approximately S$5,646 million. As of the announcement date, no conditions have been breached.
The most recent analyst rating on (SG:M44U) stock is a Buy with a S$1.35 price target. To see the full list of analyst forecasts on Mapletree Logistics stock, see the SG:M44U Stock Forecast page.
More about Mapletree Logistics
Mapletree Logistics Trust Management Ltd. (MLTM) manages Mapletree Logistics Trust (MLT), a logistics-focused real estate investment trust based in Singapore. MLT specializes in owning and managing logistics properties across Asia-Pacific, aiming to provide investors with stable and sustainable returns through its diversified portfolio.
YTD Price Performance: -4.65%
Average Trading Volume: 21,403,188
Technical Sentiment Signal: Sell
Current Market Cap: S$5.94B
Find detailed analytics on M44U stock on TipRanks’ Stock Analysis page.