Home Investment cases Mapletree North Asia Commercial Trust
2022 · SGX · Commercial REIT
Mapletree North Asia Commercial Trust
Opposed merger terms below net asset value and wrote to MAS on governance.
- Period
- 2022
- Market
- SGX
- Sector
- Commercial REIT
- News items
- 5
Our engagement
Opposed merger terms below net asset value and wrote to MAS on governance.
Outcome
Cash alternative added to the offer; merger approved by unitholders.
Timeline
How it unfolded.
- 9 Feb 2022Reuters: activist Quarz opposes terms of the Mapletree REIT mergerReuters
- 10 Feb 2022Quarz Capital writes to MNACT's board urging a fairer, higher merger pricePR Newswire
- 11 Feb 2022Mingtiandi: Quarz Capital targets the terms of Mapletree's REIT mergerMingtiandi
- 19 Feb 2022Quarz Capital calls on MNACT unitholders to vote against the merger termsREITsWeek
- 18 Mar 2022Quarz Capital and unitholders ask MAS to ensure governance in the MNACT mergerPR Newswire
Coverage
Original sources.
External links open third-party websites. Quarz Capital is not responsible for their content.
This summary describes Quarz Capital's public engagement and publicly reported outcomes. It is not a record of investment performance, does not indicate future results and is not a recommendation to buy or sell any security.