Key Points
- Keppel Corporation Limited has listed K-Green Trust (KGT) (佳绿信托), its "green" infrastructure focused business trust on the Main Board of SGX earlier today.
- The investment objective of KGT is to invest in "green" infrastructure assets in Singapore and globally with a focus on Asia, Europe and the Middle East.
- KGT aims to provide long-term, regular and predictable distributions to its Unitholders.
- KGT’s initial portfolio comprises Senoko Waste-to-Energy (WTE) Plant, Keppel Seghers Tuas WTE Plant and Keppel Seghers Ulu Pandan NEWater Plant.
- The Sponsor of the Trust is Keppel Integrated Engineering Limited (KIE), the environmental engineering division of Keppel Corporation.
- KGT commenced trading on the Main Board of the SGX-ST at $1.17, with intra-high of $1.33. Trading volume for KGT stood at 33,633,000 and closed at $1.11 at end of trading day.
The share price rose to as high as S$1.33 in morning trading. In the afternoon, there was a broad market sell down of the Asian markets, probably led by the -4.27% (-108.23 points at 2427.05) drop of the Shanghai Composite Index (SSE). The STI closed by -1.38% (-39.65 points at 2830.34). KGT was not spared and closed at the day's low of $1.11, lower than its implied price of $1.16.
