TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Mapletree Commercial ( (SG:N2IU) ) has provided an update.
MPACT Management Ltd., the manager of Mapletree Pan Asia Commercial Trust (MPACT), announced a new HK$600 million facility agreement guaranteed by DBS Trustee Limited. This agreement includes conditions that could trigger a mandatory prepayment event if specific managerial changes occur without lender consent, potentially impacting MPACT’s borrowings of approximately S$6,077.1 million. The facility aims to refinance and reduce existing borrowings, which could stabilize MPACT’s financial structure and influence its market positioning.
More about Mapletree Commercial
Mapletree Commercial is a company operating in the real estate investment sector, focused on managing commercial properties across Asia. Its primary services include property management and investment, with a market focus on commercial real estate in key Asian markets.
YTD Price Performance: 6.02%
Average Trading Volume: 4,635
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.91B
See more data about N2IU stock on TipRanks’ Stock Analysis page.