The move comes after DBS acquired 1.75 million units in MPACT for $2.1 million or $1.20 per unit on Dec 23, 2024.
DBS Bank has sold 1.5 million units in Mapletree Pan Asia Commercial Trust N2iu (MPACT) to the market for $1.82 million or $1.21 per unit.
Following the transaction, which took place on Dec 31, 2024, DBS’s stake in MPACT is now at 0.9684%.
The move comes after DBS acquired 1.75 million units in MPACT for $2.1 million or $1.20 per unit on Dec 23, 2024. The transaction at the time brought DBS’s stake to 1.0091%.
MPACT will announce its results for the 3QFY2024/2025 ended Dec 31, 2024, after the close of trading hours on Jan 23.
Units in MPACT closed 2 cents lower or 1.61% down at $1.22 on Jan 7.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.