Mapletree Pan Asia Commercial Trust Pays Manager Partly in New Units, Slightly Diluting Unitholders
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Mapletree Pan Asia Commercial Trust has issued 3,168,325 new units to its manager as part payment for management fees, leading to a slight dilution for unitholders. The manager's stake has increased to 157,491,639 units, with total units outstanding now at 5,281,156,140. The remaining fees will be paid in cash, and the latest analyst rating for the stock is a Buy with a price target of S$1.50. The trust focuses on commercial properties across Asia and is managed by MPACT Management Ltd.
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