No Plans To Merge MLT And MIT: MLT Manager (The Business Times)
January 12, 2021 – There are no plans by the manager of Mapletree Logistics Trust to merge the logistics real estate investment trust (Reit) with Mapletree Industrial Trust Mapletree Ind Tr: ME8U -0.77% (MIT), even as two other Reits from their sponsor have proposed a merger.
Mapletree Logistics Trust Management stated in its responses dated Jan 10 to unitholders’ questions for an extraordinary general meeting (EGM) that it has no plans to merge Mapletree Logistics Trust and Mapletree Industrial Trust.
“We believe that there is sufficient differentiation between MLT and MIT in terms of asset type, geography and tenant profile, and they are both operating at a meaningful scale individually with promising growth prospects in their respective sectors. Hence, there is no compelling reason to merge,” Mapletree Logistics Trust Management said.
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