MCT raises $460.5m in oversubscribed preferential offering

Submitted By:  Clarist Zablan Case Study:  No It will be used for the acquisition of Mapletree Business City (Phase 2). Mapletree Commercial Trust (MCT) has raised about $460.5m in a preferential offering of 205.59 million units priced $2.24 per unit, the company announced. MCT received a total of 298.89 million units, including excess applications of 113.21 million units. read more