Tuesday, 30 August 2016

Mapletree Commercial Trust Preferential Share Offering: Got all the excess I applied for?

Mapletree Commercial Trust held a preferential share offering to fund its acquisition of Mapletree Business City at a price of $1.42 per share.

I applied for 3920 excess rights thinking that I'll only get part of what I applied for since the offering price of $1.42 was lower than market price.

To my surprise, I everything that I applied for. I  wonder what that says about investor demand for local REITs if 'free money' people didn't apply for more. People getting cautious about anyhow pressing at the ATM?

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