Discount of implied property fair value to property rnav post ipo of 23. Cit has also been renamed kit with effect from the same day. Shipping trust a shipping trust is registered as a business trust, and its business mainly involves acquiring ships and leasing them out to shipping companies for cash income. Macquariefirst trust global infrastructureutilities. Lack of public support forces st louis to cancel airport ppp. Nov 18, 2014 cityspring infrastructure trust, a singapore pipedgas supplier backed by temasek holdings pte, will merge with keppel infrastructure trust to form the countrys biggest infrastructurefocused. Industrial and infrastructure development finance company ltd. Nyse and provides integrated it infrastructure and software solutions. Prospectus december 1, 2015 franklin global listed infrastructure fund franklin global trust the u. Cityspring infrastructure trust, a singapore pipedgas supplier backed by temasek holdings pte, will merge with keppel infrastructure trust to. The company is a road bot company in india, focused on development, implementation, operation and maintenance of roadshighways projects. Keppel infrastructure trust is pleased to announce that as at the close of the preferential offering on 11 june 2015, valid provisional allotment acceptances and excess preferential offering units applications for an aggregate of 383,446,719 preferential offering units, or more than 1.
The contents of this presentation are entirely based on disclosures made by the company. Keppel infrastructure trust report to unitholders 2014. Workspace property trust files new ipo plans pending. No comparative consolidated statement of profit or loss and other. Cityspring infrastructure trust fully acquires keppel. Infrastructure investor covers the flow of private capital into infrastructure projects with a dedicated global team of journalists and researchers. Keppel infrastructure trust report to unitholders 2015. The issue will be offered to unitholders on the basis of 11 rights units for every 20 units held, said its trusteemanager cityspring infrastructure management yesterday.
The company offers epc services on a fixedsum turnkey basis and civil construction and related infrastructure projects on item rate and lump sum basis, primarily in the roads and highway sector. Prospectus circulars offer documents singapore exchange ltd. The investment trust initial public offering ipo market is picking up pace, after a slowdown last year caused by brexit vote uncertainty. Immediately prior to the date of this prospectus, securus data property fund pte. Global listed infrastructure focus strategy typically consists of 3050 securities with a maximum position size of 10%. Cityspring infrastructure trust cit has completed the acquisition of all the assets and liabilities of keppel infrastructure trust kit for a consideration of 1.
Keppel infrastructure trust is a listed business trust that provides investors with the opportunity to invest in a large and welldiversified portfolio of core infrastructure assets located in jurisdictions with welldeveloped legal frameworks that support infrastructure investment. Investment objectivestrategy first trust energy infrastructure fund the fund is a nondiversified, closedend management investment company. Indias 1st infrastructure investment trust to hold ipo. Cityspring infrastructure trust cityspring announced a oneforone rights issue on 14 august.
Cityspring infrastructure trust rights issue living. Irb infrastructure developers, which last year received the regulatory approval to launch the ipo of its infrastructure investment trust, or invit, seeks to raise as much as 50. Kit is sponsored by keppel infrastructure holdings pte. The trust, partly owned by temasek holdings, will issue about 539 million new units at a price of 39 cents per rights unit.
Data available with the bourses showed that the issue had receive bids for 53,19,490 shares against the issue size of 1,21,37,070 shares. Developers has set a national precedent by executing the countrys first listing of a national infrastructure investment trust invit fund. This website is communicated in germany by macquarie investment management europe limited mimel to persons classified as either an eligible counterparty or a professional client as defined by directive 200439ec of the european parliament and of the council of 21 april 2004 on markets in financial instruments, by agreeing to continue, you confirm that you qualify as an eligible counterparty. Indias first infra investment trust fund to open on may 3. Mumbai newsrise indias first infrastructure investment trust is set to raise funds through an initial public offering next week, more than two years after the south asian nation allowed the. The local infrastructure fund prospectus formally invites organisations to come forward with land and property schemes that meet the fund criteria and which government can invest in, on a. Cityspring, keppel infrastructure to merge business trusts. Get access to regular updates from infrastructure investor. It is not exactly a household name in the investment world.
Sreit investor this is an informative site about the real estate investment trust reit. The real estate sector is closely related to infrastructure and. Cityspring infrastructure trust has beaten projections with its performance for the fourth quarter ended march 31, 2008. The fund pursues its objective by investing primarily in. The initial public offering of hg infra engineering received 44 per cent subscription till 5 pm on the second day of the bidding process on tuesday.
The fund invests in equity securities that are en gaged in the utilities and. The company had got the market regulators nod for launching its initial public offer ipo last month. Securities and exchange board of india is made for protect the interests of investors in securities and to promote the development of, and to regulate the securities market and for matters connected therewith or incidental thereto. The trust aims to provide longterm, regular and sustainable distributions to its unitholders. In general, trust funds serve a single longterm purpose and are userfee financed. The fund seeks to provide a high level of current return consisting of dividends, interest and other similar income while attempting to preserve capital. Website keppel infrastructure trust is a business trust that provides investors with the opportunity to invest in a large and. Sadbhav infrastructure project limited has withdrawn its draft red herring prospectus drhp filed with the securities and exchange board of india sebi. Keppel infrastructure trust report to unitholders 2018.
May 21, 2014 cityspring infrastructure trust also trades as an adr american depository receipt under the ticker. May 18, 2017 irb infrastructure developers has set a national precedent by executing the countrys first listing of a national infrastructure investment trust invit fund. For immediate release cityspring infrastructure trusts. As a pioneer in a new asset class in singapore, and with sponsorship from temasek, cityspring aims to position itself as a leading player in a growing sector, by achieving significant growth through acquisitions.
Franklin global listed infrastructure fund prospectus. In a statement to the bombay stock exchange bse, sadbhav infrastructures parent sadbhav engineering limited updated. Cityspring infrastructure trust and hyflux water trust are 2 business trusts listed in sgx that owns infrastructure assets. These regulations have been in effect since 26 september 2014, and are expected to alleviate the burden on the banking system by making available fresh and patient capital for the infrastructure sector. Download the sponsorship prospectus for the smart infrastructure summit fill in the form below to retrieve a pdf copy of the smart infrastructure summit sponsorship prospectus. The investment objective of the fund is to seek a high level of total return with an emphasis on current distributions paid to shareholders. Reit, business trust, and shipping trust all about reit. Infrastructure prospectus bega valley shire council. First sponsor group limited ipo termsheet singapore stock. The company is engaged in the business of engineering consultancy and is an integrated infrastructure development solution provider in india. One distinct difference between public and private investment in these categories is that by investing in the public markets investors gain exposure to multiple assets at one time. The case for a strategic allocation to global listed.
Six new trusts have been launched since the start of this year raising a total of. The company provides architectural planning, comprehensive civilstructural designs, project management consultancy, repairs and rehabilitation, quality management systems through wellqualified teams and experienced promoters. Cityspring infrastructure trust also trades as an adr american depository receipt under the ticker. For these projects it is raising funds through ipo. Cityspring is the first infrastructure business trust registered with the monetary authority of singapore in singapore. The ipo portfolio as defined herein of keppel dc reit comprises. Dec 28, 2017 workspace property trust has amended its ipo filings for a second run to access public markets. Keppel infrastructure trust report to unitholders 2019.
The appointments of these controlling shareholders representatives on fsgls board, as chairman and vicechairman, demonstrate these controlling shareholders commitment to fsgl, and also allows fsgl to leverage on the business expertise and networks of these prominent business leaders. Sep 06, 2009 cityspring infrastructure trust cityspring announced a oneforone rights issue on 14 august. Cityspring infrastructure trust low risk with a 7% yield. Sadbhav infrastructure changes issue structure, withdraws. Past cityspring publications keppel infrastructure trust. But issues over the classification of such a trust as debt or equity have complicated the deal. Infrastructure development consultants limited ipo. Cochin shipyard plans ipo for infrastructure projects. Kgreen trust was renamed as keppel infrastructure trust with effect from 16 april 2014. Cityspring infrastructure ipo prospectus cityspring infrastructure circular dated 29 july 2014 cityspring infrastructure trust annual report 2008.
Prospectus filed for sreibacked brnl ipo ipo central. You will also receive an email with a link to access this prospectus again in future. Sadbhav infrastructure changes issue structure, withdraws ipo. First sponsor group limited ipo termsheet singapore. Hyflux water trust is the first pureplay global water business trust to be listed on a securities exchange in sia that provides investors with an opportunity to invest in waterrelated infrastructure asset in china, middle east and north africa region. The initial public offer for irb invit, indias first infrastructure investment trust fund, will open for subscription on may 3 and close on may 5 with the price band fixed at rs 100102.
As of this writing, cityspring infrastructure trust and hyflux water trust are 2 business trusts listed in sgx that owns infrastructure assets. The firm is developing a portfolio of suburban office and flex office space options for tenants. Circular dated 8 october 2019 the proposed disposal of 51% of the issued and paidup share capital of datacentre one pte. Infrastructure companies own longlived assets, such as power plants, transportation networks and communications systems. Draft prospectus of the company not yet approved by regulatory body. If there is any contrary information please communicate with dse through email. Before that, tong was the ceo of cityspring infrastructure trust, now known as keppel infrastructure trust. Cochin shipyard ltd csl has embarked upon two major infrastructure expansion projects international ship repair facility at a cost of rs 970 crore and a new dry dock costing rs 1,799 crore. Oct 27, 2018 the trust group expects to deliver the fy19 projected distribution as per the prospectus netlink nbn trust the trust group designs, builds, owns and operates the passive fibre network infrastructure comprising ducts, manholes, fibre cables and central offices of singapores next gen nbn.
Brnl has filed its draft red herring prospectus drhp with capital market regulator sebi seeking permission for its initial public offering ipo. Past keppel infrastructure trust publications keppel infrastructure. Reit, business trust, and shipping trust sreit investor. A type of income trust that exists to finance, construct, own, operate and maintain different infrastructure projects in a given region or operating area. It also captures the holding period returns and annual returns. Infrastructure prospectus winner of the 2018 r hdougherty award investment in infrastructure is a key enabler of economic growth, supports the longterm sustainability of a region, and boosts the health and wellbeing of communities. First of many irb invits ipo was the first in india to test sebis guidelines on the classification of a trust.
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