China-focused retail and office real estate investment trust Mapletree Greater China Commercial Trust (MGCCT) (SGX:RW0U) announced on 24 February that it has issued a total of 7,673,031 new units in the REIT at SGD0.9442 per unit.
Of the new units issued, 4,775,776 were disbursed to MGCCT’s manager as base fees while 2,897,255 units were issued to Mapletree Greater China Property Management Limited as property management fees. The issue price of the new units is based on the 10-day volume weighted average price up to 31 December 2014.
With the issue, the total number of MGCCT units in issue as at 24 February 2015 stands at 2,721,032,794. Units of MGCCT are currently listed on the Singapore Exchange at SGD1.02.