CitySpring: CIT (now renamed as Keppel Infrastructure Trust, on trading platform “Kep Infra Tr fka CIT”, on SGX “Keppel Infra Trust WEF 2015”) completed the acquisition of the former KIT (now temporarily known as Crystal Trust, which will be delisted tomorrow)
KIT will resume trading on 22 May, and the special cash distribution of and the Pre EFR stub distribution of 1.05¢ and 0.11¢ respectively for KIT unitholders, and these will go ex on 26 May.
Also, KIT launched its fund raising initiative for $525m. In part done by equity placement, and a separate non-renounceable preferential offering to existing KIT unitholders. The preferential offer period is between 3 Jun – 11 Jun. The proceeds is to fund the 51% Merlimau Cogen acquisition. Presentation here: http://infopub.sgx.com/FileOpen/KIT EFR Presentation 21 May.ashx?App=Announcement&FileID=352705
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