K-Green Trust

K-Green Trust turned lower in tandem with soft mkt sentiment after hitting intra-day high of 1.33 but still higher than the listing price of S$1.13. K-Green is an infrastructure trust that comprises an incineration plant, a waste-to-energy recycling plant and a water treatment plant, based in Singapore. Keppel Integrated Engineering owns 49% of K-Green, with the rest of the units distributed to Keppel shareholders. Current yield is about 7%.