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MLT share price (SGX: M44U) met hurricane!

Chinese New Year Special Offer! What a cocktail of headwinds for Mapletree Logistics Trust (MLT). Following the $700 million equity fund raising announced on 23 November 2021, MLT share price plunged from $2.00 to the current low of $1.78. To rub salt into injury, the proposed merger between Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT) compounds further misery on MLT share price as market rumours spread like wildfire that the MLT and MINT could be the next merger on the cards.

MLT share price

To put things into perspective, rumours of a merger between MLT and MINT have been brewing for a number of years. To address the market rumours, the management clarified on 10 January 2022 that there was no plan to merge MLT and MINT as both entities have different investment mandates and operate in different asset classes. Despite that clarification, the recent merger between MCT and MNACT rattled MLT share price.

MLT invests primarily in logistics and warehouses assets whereas MINT’s assets comprise of mainly industrial real estates in Singapore and data centres. Both S-REITs share the same sponsor and both are Straits Times Index (STI) components.

MLT has a slightly bigger market capitalization ($8.5 billion

The post MLT share price (SGX: M44U) met hurricane! appeared first on SG Wealth Builder.

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