Mapletree Commercial Trust : Proposed Merger by way of a Trust Scheme of Arrangement (Dealings Disclosure)
January 14, 2022 at 02:12 pm
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PROPOSED MERGER OF MAPLETREE COMMERCIAL TRUST AND MAPLETREE NORTH ASIA COMMERCIAL TRUST
DEALINGS DISCLOSURE
INTRODUCTION
The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch ("HSBC") refers to the joint announcement released on 31 December 2021 (the "Joint Announcement") in connection with the proposed merger (the "Merger") of Mapletree Commercial Trust ("MCT") and Mapletree North Asia Commercial Trust ("MNACT"), which will be effected through the acquisition by MCT of all the issued and paid-up units of MNACT, by way of a trust scheme of arrangement in accordance with the Singapore Code on Take-overs and Mergers (the "Code").
HSBC is the sole financial adviser to the manager of MNACT in respect of the Merger.
All capitalised terms used and not defined herein shall have the same meanings given to them in the Joint Announcement.
DISCLOSURE OF DEALINGS
Pursuant to Rule 12.1 of the Code and the Practice Statement on the Exemption of Connected Fund Managers and Principal Traders under the Code, HSBC wishes to announce the dealings by certain entities within the HSBC group in the relevant securities of MCT on 13 January 2022, details of which are set out in the Schedule hereto.
Issued by
The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch
Date of Submission: 14 January 2022
Schedule
Dealings on 13 January 2022
Dealings in MCT Units
Resultant
total number
of units
Name of dealing
owned or
entity or if
(Where the dealing
controlled by
% of
different, the
entity is an exempt
Total
the associate
resultant
Date of
ultimate
Description
Number
principal trader)
amount paid
and by
Nature of transaction
total
dealing
beneficial owner
of Security
of units
/ received
investment
number
or controller of
Price per unit paid /
(S$)
accounts
of units
the dealing
received (S$)
under the
entity
discretionary
management
of the
associate
Nature of
Buy/Sell
investment
Nature of dealing
Highest
Lowest
client
13
Global Markets of
Trust units
Buy
Discretionary
Hedging of Delta 1
6,100 SGD 1.86
SGD 1.85
SGD 11,345
15,764,589
0.47%
January
the Hongkong
products created as
2022
and Shanghai
a result of
wholly
Banking
unsolicited
client-
Corporation
driven orders
Limited
For Dealings in Derivatives in respect of MCT Units
Mapletree Commercial Trust published this content on 14 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 January 2022 14:11:05 UTC.
Mapletree Pan Asia Commercial Trust is a Singapore-based real estate investment trust. The Company's principal investment objective is to invest on a long-term basis, directly or indirectly, in a diversified portfolio of income-producing real estate used primarily for office and/or retail purposes, as well as real estate-related assets, in the markets of Asia, including but not limited to Singapore, China, Hong Kong, Japan and South Korea. The Company's portfolio comprises approximately 18 commercial properties across five markets of Asia, including five in Singapore, one in Hong Kong, two in China, nine in Japan and one in South Korea. Its portfolio consists of office, industrial, logistics, residential, retail, multifamily/serviced apartment, student accommodation, and mixed-use. Its Singapore properties include VivoCity, Mapletree Business City, mTower, Mapletree Anson and Bank of America HarbourFront. The Company is managed by MPACT Management Ltd.