On March 21, 2022, Quarz Capital Management said in its letter to Monetary Authority of Singapore that it wants the regulator's support to protect unitholders interest by ensuring that the Mapletree North Asia Commercial Trust manager fulfils its fiduciary duty. specifically, Quarz wants the manager of the Company to push for better merger terms or, for there to be a robust and transparent solicitation of offers for the Company's assets from third parties.