Mapletree raises $275m to buy HNA logistics assets

Singapore group raises equity to buy five warehouses from a unit of embattled Chinese conglomerate. It joins a number of Singaporean Reits and trusts in buying assets before further US rate hikes.

Mapletree Logistics Trust (MLT) raised S$375 million ($275 million) from a private placement of new investment units on Wednesday to fund the purchase of assets from debt-ridden Chinese conglomerate HNA Group.

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