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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Mapletree Industrial said to raise $654 mln in stock offer

Posted on 11 October 2010

From Bloomberg: Mapletree Industrial Trust, controlled by Singapore’s Temasek Holdings Pte, is set to raise S$853 million ($654 million) in an initial public offering, two people with knowledge of the matter said.

The real estate investment trust is selling 917.5 million shares at S$0.93 apiece, the people said, requesting anonymity because the pricing hasn’t been publicly announced. Mapletree, owned by the real estate unit of Singapore’s state investment company Temasek, had marketed the units at S$0.88 to S$0.93…………………………………….Full Article: Source


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