Mapletree’s China REIT issues 7.6 million new units to manager

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Mapletree Greater China Commercial Trust announced on 24 August that a total of 7,651,344 new units in the REIT have been issued to its managers.

The units have been issued on the same day at SGD1.0837 each.

4,790,137 of these units have been issued to the REIT’s manager as payment of the base fee for the period from 1 April 2017 to 30 June 2017.

A further 2,861,207 units have been issued to the REIT’s property manager, as payment of property management fee relating to Festival Walk and Gateway Plaza for the same period.

The issue price of the units is based on the ten-day volume weighted average price for units of the REIT up to 30 June 2017.

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About Author

Ridzwan Rahmat has been analysing Singapore-listed REITs and business trusts, since 2008. For disclosure purposes, Ridzwan is currently vested in Mapletree Greater China Commercial Trust, Mapletree Industrial REIT and Mapletree Logistics Trust.

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