Mapletree Investments subsidiary sells 296.6 mil MLT units to Aranda Investments for $412 mil

The SPA is unconditional.

Mapletree Investments is the holding company of Meranti while Aranda is a wholly-owned subsidiary of Seletar Investments. Seletar Investments is, in turn, a wholly-owned subsidiary of Temasek Capital.

After the sale, which was completed on the same day, Meranti has ceased to become a substantial unitholder of MLT, reducing its stake from 7.68% to 1.74% after the sale.

Accordingly, Aranda has become a substantial unitholder of MLT having crossed the 5% mark. After the sale, Aranda now has a 5.93% stake in MLT.

See also: Union Steel disposes of yet another 30 mil shares in Eneco Energy for $345,000 via off-market transaction

Units in MLT closed 2 cents higher or 1.37% up at $1.48 on April 1.