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Keppel Infrastructure ( (SG:A7RU) ) just unveiled an update.
Keppel Infrastructure Trust held an Extraordinary General Meeting to discuss and approve the acquisition of a 50% equity interest in Marina East Water Pte. Ltd., which owns the Keppel Marina East Desalination Plant. This strategic move is aimed at enhancing KIT’s portfolio in sustainable infrastructure assets and is an interested person transaction that involves significant stakeholders. The acquisition reflects KIT’s continued focus on expanding its footprint in essential services and infrastructure, potentially impacting its market position and operational capabilities.
More about Keppel Infrastructure
YTD Price Performance: 0.62%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.05B
For a thorough assessment of A7RU stock, go to TipRanks’ Stock Analysis page.