On March 22, 2022, The managers of Mapletree Commercial Trust and Mapletree North Asia Commercial Trust announced that they are now offering MNACT unitholders the option to receive the entire scheme consideration of their proposed merger, of S$1.1949 per unit, wholly in cash. In addition, MCT will also make a preferential offering of S$2.0039 per unit to fund the additional cash of up to S$2.2 billion required in the new cash-only option. Quarz said that the cash offer is a win-win for all parties and it also added that it supports the merger.

Eventually both the parties agreed that this was a suitable option to be offered to MNACT unitholders.