Blackrock cuts Mapletree Logistics Trust stake to 4.95% with share sale
It is no longer a substantial unitholder of the REIT.
BlackRock Inc. divested over 4.03 million Mapletree Logistics Trust (MLT) shares for $5.37m.
Following this sale, BlackRock's deemed interest in MLT dropped from 5.03% to 4.95% (247.56 million).
It also ceased to be a substantial unitholder of the REIT.
BlackRock also reduced its stake in City Developments Limited.