Mapletree Logistics Trust is looking to grow in markets such as South Korea.

American financial services firm, MBC Investments Corporation, has its stake in Singapore-listed Mapletree Logistics Trust (MLT)(SGX:M44U) reduced from 6 per cent to 5.9 per cent as a result of a dividend reinvestment exercise. The deemed percentage interest of MBC Investments Corporation decreased as a result of an increase in the units outstanding.

MBC Investment Corporation's stake in MLT dipped below 6 per cent as a result of the dividend reinvestment exercise.

According to a disclosure made by the manager of MLT, no other direct or deemed entities crossed a reportable threshold as a result of this increase in units. Coincidentally, there was a decrease of 1,000 units held by one of the direct holders. MBC Investments outstanding units in MLT stands at 154,750,577.

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.