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.
For further insights into SG:M44U stock, check out TipRanks’ Stock Analysis page.
