Mr Samuel Tsien
Non-Executive Chairman; Director
The business, the people and the ownership behind Mapletree PanAsia Com Tr.
Business overview
Mapletree Pan Asia Commercial Trust is a Singapore-listed real estate investment trust focused on key Asian gateway markets. It was formed by the merger of Mapletree Commercial Trust and Mapletree North Asia Commercial Trust.
Listed security
Board & management
Non-Executive Chairman; Director
Lead Independent Non-Executive Director
Independent Non-Executive Director
Independent Non-Executive; Director
Independent Non-Executive Director
Independent Non-Executive; Director
Independent Non-Executive Director
Independent Non-Executive; Director of the Manager
Non-Executive Director
Non-Executive Director
Executive Director and Chief Executive Officer
Roles listed in Annual Report 2025/26; current appointments are not independently verified.
Holdings
Direct Interest: –; Deemed Interest: 3,007,625,967; % of Total Issued Capital: 56.91
Substantial Unitholdings as at 8 June 2026; deemed interestDirect Interest: –; Deemed Interest: 2,958,653,079; % of Total Issued Capital: 55.98
Substantial Unitholdings as at 8 June 2026; deemed interestDirect Interest: –; Deemed Interest: 2,958,653,079; % of Total Issued Capital: 55.98
Substantial Unitholdings as at 8 June 2026; deemed interestDirect Interest: 1,115,457,048; Deemed Interest: –; % of Total Issued Capital: 21.10
Substantial Unitholdings as at 8 June 2026; direct interestDirect Interest: 137,699,999; Deemed Interest: 795,085,306; % of Total Issued Capital: 17.65
Substantial Unitholdings as at 8 June 2026; direct and deemed interestsDirect Interest: 464,449,105; Deemed Interest: –; % of Total Issued Capital: 8.78
Substantial Unitholdings as at 8 June 2026; direct interestDirect Interest: 442,846,329; Deemed Interest: –; % of Total Issued Capital: 8.38
Substantial Unitholdings as at 8 June 2026; direct interestDirect Interest: 352,238,977; Deemed Interest: –; % of Total Issued Capital: 6.66
Substantial Unitholdings as at 8 June 2026; direct interestDirect Interest: 285,256,396; Deemed Interest: –; % of Total Issued Capital: 5.39
Substantial Unitholdings as at 8 June 2026; direct interestTotal interests include direct and deemed holdings and may overlap across holders. These percentages should not be added together.
Registered holdings, including nominees and depositories; these do not establish ultimate beneficial ownership. As reported at 2026-06-08 · PDF p. 195
| Registered holder | Interest | Shares / units | Source |
|---|---|---|---|
| Sienna Pte. Ltd. | 1,115,457,048; 21.10 | PDF p. 1952026-06-08 | |
| Citibank Nominees Singapore Pte Ltd | 506,242,483; 9.58 | PDF p. 1952026-06-08 | |
| DBS Nominees (Private) Limited | 483,236,507; 9.15 | PDF p. 1952026-06-08 | |
| Kent Assets Pte. Ltd. | 464,449,105; 8.78 | PDF p. 1952026-06-08 | |
| HarbourFront Place Pte. Ltd. | 442,846,329; 8.38 | PDF p. 1952026-06-08 | |
| HarbourFront Eight Pte Ltd | 352,238,977; 6.66 | PDF p. 1952026-06-08 | |
| Suffolk Assets Pte. Ltd. | 285,256,396; 5.40 | PDF p. 1952026-06-08 | |
| HSBC (Singapore) Nominees Pte Ltd | 253,046,629; 4.79 | PDF p. 1952026-06-08 | |
| DBSN Services Pte. Ltd. | 161,682,315; 3.06 | PDF p. 1952026-06-08 | |
| MPACT Management Ltd. | 160,705,225; 3.04 | PDF p. 1952026-06-08 | |
| The HarbourFront Pte Ltd | 137,699,999; 2.61 | PDF p. 1952026-06-08 | |
| Raffles Nominees (Pte.) Limited | 129,462,064; 2.45 | PDF p. 1952026-06-08 | |
| ABN AMRO Clearing Bank N.V. | 42,140,715; 0.80 | PDF p. 1952026-06-08 | |
| United Overseas Bank Nominees (Private) Limited | 29,883,508; 0.57 | PDF p. 1952026-06-08 | |
| MooMoo Financial Singapore Pte. Ltd. | 26,060,512; 0.49 | PDF p. 1952026-06-08 | |
| iFAST Financial Pte. Ltd. | 25,945,050; 0.49 | PDF p. 1952026-06-08 | |
| Phillip Securities Pte Ltd | 23,155,748; 0.44 | PDF p. 1952026-06-08 | |
| BPSS Nominees Singapore (Pte.) Ltd. | 19,098,902; 0.36 | PDF p. 1952026-06-08 | |
| OCBC Nominees Singapore Private Limited | 17,779,649; 0.34 | PDF p. 1952026-06-08 | |
| Tiger Brokers (Singapore) Pte. Ltd. | 11,895,928; 0.23 | PDF p. 1952026-06-08 | |
Group structure
| Company | Market | Ownership interest |
|---|---|---|
| Mapletree Business City LLPEffective interest; Group 31 March 2026 then 31 March 2025; MPACT 31 March 2026 then 31 March 2025 | Country: Singapore/Singapore; Group: 100%, 100%; MPACT: 99.9%, 99.9% | |
| Mapletree North Asia Commercial TrustEffective interest; Group 31 March 2026 then 31 March 2025; MPACT 31 March 2026 then 31 March 2025 | Country: Singapore/Singapore; Group: 100%, 100%; MPACT: 100%, 100% | |
| Festival Walk (2011) LimitedEffective interest; Group 31 March 2026 then 31 March 2025; MPACT 31 March 2026 then 31 March 2025 | Country: Hong Kong/Hong Kong; Group: 100%, 100%; MPACT: –, – | |
| HK Gateway Plaza Company LimitedEffective interest; Group 31 March 2026 then 31 March 2025; MPACT 31 March 2026 then 31 March 2025 | Country: China/Hong Kong; Group: 100%, 100%; MPACT: –, – | |
| Shanghai Zhan Xiang Real Estate Company LimitedEffective interest; Group 31 March 2026 then 31 March 2025; MPACT 31 March 2026 then 31 March 2025 | Country: China/China; Group: 100%, 100%; MPACT: –, – | |
| Tsubaki Tokutei Mokuteki KaishaEffective interest; Group 31 March 2026 then 31 March 2025; MPACT 31 March 2026 then 31 March 2025 | Country: Japan/Japan; Group: 98.47%, 98.47%; MPACT: –, – | |
| Godo Kaisha Makuhari BlueEffective interest; Group 31 March 2026 then 31 March 2025; MPACT 31 March 2026 then 31 March 2025 | Country: Japan/Japan; Group: 98.47%, 98.47%; MPACT: –, – | |
Ownership interests and geographic information follow the annual report. Comparative years and footnote markers retain the report’s notation.
Senior executives
| Item | Value | Period / scope | Source |
|---|---|---|---|
| SHARON LIM | Executive Director and Chief Executive Officer | Manager (MPACT Management Ltd.) | PDF p. 29 |
| JANICA TAN | Chief Financial Officer | Manager (MPACT Management Ltd.) | PDF p. 30 |
| KOH WEE LEONG | Head, Investment & Asset Management | Manager (MPACT Management Ltd.) | PDF p. 30 |
| CHARISSA WONG | Head, Retail Management | Manager (MPACT Management Ltd.) | PDF p. 30 |
| GEORGINA GOH | Head, Leasing, Office | Manager (MPACT Management Ltd.) | PDF p. 30 |
| JACOB CHUNG | General Manager, Korea | Manager (MPACT Management Ltd.) | PDF p. 31 |
| WAN KWONG WENG | Joint Company Secretary | Manager (MPACT Management Ltd.) | PDF p. 29 |
| SEE HUI HUI | Joint Company Secretary | Manager (MPACT Management Ltd.) | PDF p. 29 |
Extracted from Annual Report 2025/26 and checked against the cited pages; see the original report for full context.
Related parties, people & properties
| Item | Value | Period / scope | Source |
|---|---|---|---|
| – Manager’s management fees | 43,701 S$'000 | Temasek Holdings (Private) Limited and its related companies; FY ended 31 March 2026; excluding transactions <S$100,000 and unitholders' mandate transactions | PDF p. 193 |
| – Property and lease management fees | 31,773 S$'000 | Temasek Holdings (Private) Limited and its related companies; FY ended 31 March 2026 | PDF p. 193 |
| – Staff costs | 26,275 S$'000 | Temasek Holdings (Private) Limited and its related companies; FY ended 31 March 2026 | PDF p. 193 |
| – Lease related income | 6,599 S$'000 | Temasek Holdings (Private) Limited and its related companies; FY ended 31 March 2026 | PDF p. 193 |
| – Manager’s divestment fee | 1,079 S$'000 | Temasek Holdings (Private) Limited and its related companies; FY ended 31 March 2026 | PDF p. 193 |
| – Waiver of divestment fee | 926 S$'000 | Temasek Holdings (Private) Limited and its related companies; FY ended 31 March 2026 | PDF p. 193 |
| – Operating related expenses | 575 S$'000 | Temasek Holdings (Private) Limited and its related companies; FY ended 31 March 2026 | PDF p. 193 |
| – Trustee’s fees | 1,731 S$'000 | DBS Group Holdings Ltd and its related companies (Trustee of MPACT); FY ended 31 March 2026 | PDF p. 193 |
| – Lease related income | 303 S$'000 | DBS Group Holdings Ltd and its related companies (Trustee of MPACT); FY ended 31 March 2026 | PDF p. 193 |
| – Lease related income | 9,000 S$'000 | Singapore Power Limited and its related companies (Associates of MPACT’s controlling unitholder); FY ended 31 March 2026 | PDF p. 193 |
| General mandate under Rule 920 | MPACT Group has not obtained a general mandate from Unitholders pursuant to Rule 920 for any interested person transaction for the financial year under review. | FY ended 31 March 2026 | PDF p. 194 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Mr Samuel Tsien | 182,500 S$ | Fees paid for FY25/26; Non-Executive Chairman and Director | PDF p. 81 |
| Mr Alvin Tay | 116,000 S$ | Fees paid for FY25/26; Lead Independent Non-Executive Director and Chairman of the NRC | PDF p. 81 |
| Mr Wu Long Peng | 127,500 S$ | Fees paid for FY25/26; Independent Non-Executive Director and Chairman of the AC | PDF p. 81 |
| Mr Chua Kim Chiu | 112,500 S$ | Fees paid for FY25/26; Independent Non-Executive Director and Member of the AC | PDF p. 81 |
| Mr Mak Keat Meng | 112,500 S$ | Fees paid for FY25/26; Independent Non-Executive Director and Member of the AC | PDF p. 81 |
| Mr Lawrence Wong | 112,500 S$ | Fees paid for FY25/26; Independent Non-Executive Director and Member of the AC | PDF p. 81 |
| Ms Lilian Chiang | 105,000 S$ | Fees paid for FY25/26; Independent Non-Executive Director and Member of the NRC | PDF p. 81 |
| Mr Pascal Lambert | 77,500 S$ | Fees paid for FY25/26; Independent Non-Executive Director | PDF p. 81 |
| Mr Chua Tiow Chye | Nil1 | Fees paid for FY25/26; Non-Executive Director and Member of the NRC | PDF p. 81 |
| Ms Wendy Koh | Nil1 | Fees paid for FY25/26; Non-Executive Director | PDF p. 81 |
| Ms Sharon Lim | Nil2 | Fees paid for FY25/26; Executive Director and CEO | PDF p. 81 |
| Ms Sharon Lim | S$1,631,278 | CEO total remuneration FY25/26 (paid by the Manager); split 34% salary, 43% bonus, 23% contingent LTI | PDF p. 83 |
| Other Key Management Personnel | S$2,469,593 | Aggregate for the four other key management personnel, FY25/26 | PDF p. 83 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Perpetual securities redemption | the Manager announced its intention to redeem all of the outstanding $250,000,000 perpetual securities on 8 June 2026. | Events after reporting date (Note 30) | PDF p. 191 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Looking Ahead | The operating environment remains mixed. | Letter to Unitholders, Chairman and CEO | PDF p. 21 |
| Looking Ahead | We expect the overseas markets to face more pronounced | Letter to Unitholders | PDF p. 21 |
| Looking Ahead | We enter FY26/27 better positioned than a year ago | Letter to Unitholders | PDF p. 21 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| VivoCity | Leasehold; term of lease 99 years; remaining term 70 years; 1 HarbourFront Walk Singapore | Investment properties held under MPACT, as at 31 March 2026 · As at 2026-03-31 | PDF p. 120 |
| Mapletree Business City I | Leasehold; 99 years; remaining 70 years; 10, 20, 30 Pasir Panjang Road Singapore | Held under MPACT, as at 31 March 2026 · As at 2026-03-31 | PDF p. 120 |
| mTower | Leasehold; 99 years; remaining 70 years; 460 Alexandra Road Singapore | Held under MPACT, as at 31 March 2026 (excludes 17th-21st, 33rd and 39th storeys) · As at 2026-03-31 | PDF p. 120 |
| Festival Walk3 | Leasehold; 54 years; remaining 21 years; No. 80 Tat Chee Avenue, Kowloon Tong, Hong Kong SAR | Held under MNACT Group, as at 31 March 2026 · As at 2026-03-31 | PDF p. 122 |
| Makuhari Bay Tower | Freehold; Japan; 8, Nakase 1-chome, Mihama-ku, Chiba-shi, Chiba, Japan | Held under MNACT Group, as at 31 March 2026 · As at 2026-03-31 | PDF p. 122 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Contingent liabilities | none disclosed | PDF p. 131 |
Extracted from Annual Report 2025/26 and checked against the cited pages; see the original report for full context.
Corporate information