MIT to raise $350m through private placement

Uploaded By:  Nathanielle Punay Submitted By:  Nathanielle Punay Case Study:  No Most of the proceeds will be used in acquiring 14 data centres in the US. Mapletree Industrial Trust (MIT) has proposed a private placement of 128.11 million new units to raise gross proceeds of $350m, an SGX filing revealed. It will be available to eligible institutional, accredited and other investors at an issue price of between $2.732 and $2.8 apiece. The private placement is also subject to an upsize option being exercised to issue up to 18.3 million additional new units to raise additional proceeds of no less than $50m. read more