Mapletree GCCT IPO

Mapletree GCCT IPO close to 30 times subscribed. INVESTORS have overwhelmingly backed the listing of Mapletree Greater China Commercial Trust (MGCCT), with the total placement tranche and public offer 291/2 times subscribed. The trust manager, Mapletree Greater China Commercial Trust Management, said this last night after it successfully completed its initial public offering (IPO) of about 776.6 million units at 93 cents each. This is subject to an over-allotment option. Cindy Chow, the chief executive officer of the Reit's manager, said: "We are extremely pleased by the robust response from both institutional and retail investors for the offering.