MapleTree – BT

MapletreeLog unveils $606.7m rights issue

MAPLETREE Logistics Trust (MapletreeLog), which earlier this year deferred a proposed rights issue because of global capital market volatility, yesterday unveiled a proposed 3-for-4 rights issue, at 73 cents a unit, to raise about $606.73 million. The proposed issue, which has received in-principle approval from the Singapore Exchange, is subject to unitholders’ approval at an extraordinary general meeting to be convened. The issue is expected to be completed during the third quarter of 2008.