Keppel Infrastructure ( (SG:A7RU) ) has shared an update.
Keppel Infrastructure Trust has announced a new KIHPL Placement Mandate, which allows the Trustee-Manager to issue placement units to Keppel Infrastructure Holdings without needing specific approval from Unitholders for each transaction. This mandate is expected to significantly reduce the time and costs associated with raising funds, enabling quicker market transactions. The company has historically raised equity for accretive acquisitions rather than balance sheet repairs, and the Singapore Exchange has stipulated conditions to ensure the mandate is used appropriately, primarily for funding potential acquisitions.
More about Keppel Infrastructure
Keppel Infrastructure is a company based in Singapore, operating in the infrastructure industry. It primarily focuses on managing infrastructure assets and providing infrastructure solutions, with a market focus on sustainable urbanization and energy efficiency.
YTD Price Performance: 0.62%
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.79B
For detailed information about A7RU stock, go to TipRanks’ Stock Analysis page.