Mapletree Logistics Trust to Divest Three Malaysian Properties for 157.5 Million Ringgit

MT Newswires

Sep 11, 2024

Mapletree Logistics Trust (SGX:M44U) will divest three properties in Malaysia for a total of 157.5 million ringgit, according to a Tuesday filing on the Singapore Exchange.

The properties-Linfox, Celestica Hub, and Zentraline-are being sold through separate conditional agreements with third-party buyers.

Linfox, located in Shah Alam, will be sold for 72 million ringgit, 28.6% above its latest valuation. Celestica Hub in Senai is set to be sold for 43.2 million ringgit, 2.9% above its valuation. Zentraline, also in Shah Alam, will be sold for 42.3 million ringgit, 1.9% above its valuation.

The sales align with Mapletree Logistics Trust's strategy to develop its portfolio and are expected to be completed by FY24/25.

Price (SGD): S$1.44, Change: S$+0.010, Percent Change: +0.70%

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Celestica Hub in Senai is set to be sold for 43.2 million ringgit, 2.9% above its valuation. Zentraline, also in Shah Alam, will be sold for 42.3 million ringgit, 1.9% above its valuation.</p><p>The sales align with Mapletree Logistics Trust's strategy to develop its portfolio and are expected to be completed by FY24/25.</p><p>Price (SGD): S$1.44, Change: S$+0.010, Percent Change: +0.70%</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6133","symbol_name":"工业房地产信托","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2466442899","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2466442899","pubTimestamp":1726023880,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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Celestica Hub in Senai is set to be sold for 43.2 million ringgit, 2.9% above its valuation. Zentraline, also in Shah Alam, will be sold for 42.3 million ringgit, 1.9% above its valuation.The sales align with Mapletree Logistics Trust's strategy to develop its portfolio and are expected to be completed by FY24/25.Price (SGD): S$1.44, Change: S$+0.010, Percent Change: +0.70%","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}