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Mapletree Logistics Trust: Divestment Of Mapletree Logistics Centre, Yeoju.
30 Jul 2025 18:44Mapletree Logistics Trust entered into a Sale and Purchase Agreement with an unrelated third party for the proposed divestment of Mapletree Logistics Centre, Yeoju, in South Korea at a sale price of KRW8.0 billion, or approximately S$7.4 million. The proposed divestment is in line with the Manager's efforts to rejuvenate its portfolio through selective divestments of assets that are no longer aligned with its strategy. Capital released from the divestment will provide MLT with greater financial flexibility to pursue investment opportunities in high specification, modern logistics facilities offering higher growth potential...
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Source: ShareInvestor Express
