MapleTree NAC Trust

[lzydata]

MCT Offers Cash-Only Consideration Alternative to MNACT Unitholders with Full Backing from Mapletree of up to S$2.2 Billion for MCT’s Preferential Offering

https://links.sgx.com/FileOpen/2. M...21Mar2022.ashx?App=Announcement&FileID=707676
Option to receive all in cash of $1.1949.

Update: In fact, the cash-only option will become the default option.

Formerly it was either 0.5963 MCT units per MNACT unit / 0.5009 MCT units + $0.1912 per MNACT unit.

 

[o0KelviN0o]

I’m very very sure there’s heavy insider trading + news leak within MAGIC

 

[o0KelviN0o]

Very suspicious. Maybe some inside information has leaked again. MCT also has abnormally high volumes today.

Yes confirm.

Look at MCT & MAGIC before the announcement.

 

[发哨子2020]

Many probably didn’t have insider information but followed when they noticed the volume surged .

 

[lzydata]

The current market prices (MCT $1.89, MNACT $1.19) seem to envisage that all MNACT unitholders will take the cash, except the Sponsor which will still be taking all in new MCT units.

 

[o2atom]

Mapletree Investment will end up subscribe to all the units under the preferential offering. There will be very few retail holders who are willing to subscribe at the prescribed price.

 

[addict951]

Guys,
So nao open mkt can buy Maple Com $1.9/1.91, then they set PO price at $2.00XX
Help me understand 一下
What happened to Mapletree recently ar? I wanna bang wall sia
Did somebuttie wif the iq of a baby take over the leadership over at Mapletree ar?

 

[addict951]

MNAC exceeded offer price at time of this post
1.2/1.21

 

[Raynon]

MNAC exceeded offer price at time of this post
1.2/1.21

Why would someone want to buy above offer price? Expecting offer price to increase?

 

[addict951]

1.21/1.22 nao!
(Offer ish 1.19XX)

 

[lzydata]

MNAC exceeded offer price at time of this post
1.2/1.21

Actually a good opportunity for someone who doesn't want to deal with the merger business to sell above NAV (slightly)

 

[addict951]

Sh|t, bb clearing 1.22
Do they know something we dun ar??

 

[addict951]

Something is going on sia
This bb chionged in at 4pm and jitao cleared 10000 lots

 

[addict951]

What’s going on sia
Suddenly got big volume buying & queuing at prices above the offer
@Paul Lee , are you vested in this too?

 

[zhaohan]

Sh|t, bb clearing 1.22
Do they know something we dun ar??

i don't get it also, any experts can help explain

 

[Paul Lee]

My guess is that it includes the expected 2H distribution in April.

Historically, MNACT pays around 3-4.5c distribution.

So the current 2-3c premium is reasonable.

(Disclosure: Not vested)

 

[o0KelviN0o]

More upside tmr?

 

[lzydata]

So now im confused,

take all cash or take partial mct/partial cash or take full mct better?

Unless MCT reaches $2.0039 again, all cash is better, as that is the exchange rate for the partial or all scrip options.

 

[发哨子2020]

$1.22
I am smiling

 

[abutan]

Wah sian I sold at 1.1.