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31 May 2013


Colin Ng & Partners LLP acts for MacarthurCook Property Securities Fund in relation to its recent rights issue


Colin Ng & Partners LLP acted as Singapore counsel to MacarthurCook Property Securities Fund ("MPS") in relation to its recent non-renounceable rights issue. MPS is a property securities fund that is managed by MacarthurCook Fund Management Limited and has a primary listing on the ASX and a secondary listing on the SGX-ST. The 11:20 rights issue, priced at A$0.06 (or S$0.0771), to raise up to A$11.92 million (approximately S$14.5 million), was launched in April 2013 and closed in May 2013. The lawyers involved in the deal were Partners Elaine Beh and Gregory Chan and senior foreign associate Amit Ramkrishn Dhume.

Elaine Beh said, "MPS is the only property securities fund with a primary listing on the ASX and secondary listing on the SGX-ST and we are pleased to have advised the MacarthurCook Group in this transaction."





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