Mapletree Logistics unit to sell Shanghai property to Temasek associate for S$64 mil

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SINGAPORE (Dec 26): Mapletree Logistics Trust (MLT) is selling Mapletree Waigaoqiao Logistics Park to a subsidiary of Temasek Holdings associate GDS Holdings for RMB 330.0 million (S$64.0 million), the manager announced Thursday.

Temasek is a controlling unitholder of MLT, while its indirect wholly-owned subsidiary STT GDC owns a 36.1% stake in GDS Holdings. As such, the proposed divestment is considered an interested person transaction.

A wholly-owned subsidiary of MLT has entered into a sale and purchase agreement to divest its 100% equity interest in MapletreeLog Integrated (Shanghai) (HKSAR) and its wholly-owned subsidiary MapletreeLog Integrated (Shanghai) Co, which owns...(click on link for full story on theedgesingapore.com)