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.
The deal represents the latest significant expansion for MLT, which has grown steadily since listing in 2005. For HNA, it's another step back from a global acquisition spree that turned a regional airline into a global corporate empire.
Wednesday’s...