AIA Singapore has disposed off 1,479,200 units of Singapore-listed office and retail REIT, Mapletree Commercial Trust.
The units were disposed on 20 December via a market transaction for a total consideration of SGD2,070,880 (USD1.4 million).
This translates to about SGD1.40 received per unit disposed.
Following the transaction, AIA Singapore has a remaining deemed interest of 171.9 million units of the REIT held through Citibank Nominees Singapore.
This represents a stake of 5.99%, down from 6.04% previously.
Units of Mapletree Commercial Trust finished the trading day about 03% higher from its previous close on the Singapore Exchange to end at SGD1.395.