In today’s briefing:
- Mapletree Merger: All-Cash Option; Current Prices Mean No Passive Flows
Mapletree Merger: All-Cash Option; Current Prices Mean No Passive Flows
- Mapletree Commercial Trust (MCT SP) have added a cash-only option for Mapletree North Asia Commercial Trust (MAGIC SP) unitholders in addition to the scrip-only and cash-and-scrip options.
- At current prices, Mapletree North Asia Commercial Trust (MAGIC SP) unitholders will take the cash-only option. That means no passive flows following the implementation of the scheme.
- At current prices, the entire preferential offering is likely to be taken up by MIPL. The increase in shares will be offset by a lower FIF/investability weight – no inflows.
Before it’s here, it’s on Smartkarma
