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Temasekl to Launch Trust Post Reply Rate topic
tanyagary Member	10-Jan-2007 08:36        tanyagary About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes there is an article in Bussiness times today.
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iPunter Supreme	10-Jan-2007 00:15        iPunter About Contact  Quote this Post!
x 0   x 0  Alert Admin	January 9, 2007, 3.52 pm (Singapore time) Temasek to raise US$200m from new trust: source SINGAPORE - Temasek Holdings said on Tuesday that it would sell units in a Singapore-listed infrastructure business trust backed by gas and water assets including a desalination plant. A source familiar with the deal said the new trust would raise up to US$200 million. Temasek said it would sell 321.75 million units in CitySpring Infrastructure Trust through a placement and public offering. The prospectus did not give the price or size of the deal. The trust would own 100 per cent of the City Gas Trust, the sole producer and retailer of town gas in Singapore, and 70 per cent of SingSpring Trust, the sole supplier of desalinated water to Singapore's national water agency, according to a prospectus filed with the Monetary Authority of Singapore. While Singapore has attracted several property investment trusts, this would be the first listed infrastructure trust in Singapore and it would seek investment opportunities in Asia, the Middle East, Australia and New Zealand, Temasek said. 'There is strong growth potential in the infrastructure industry in Asia,' said Fai Au Yeung, chief executive of CitySpring Infrastructure Management Pte Ltd, the manager for the trust. The Asian Development Bank estimates the region will require US$250 billion a year until 2010 to fund new infrastructure investment and maintain existing plants, he said. Morgan Stanley and DBS Bank are advising CitySpring. Separately, water treatment firm Hyflux Ltd said on Tuesday that it plans to sell part of its interest in its desalination plant SingSpring to CitySpring business trust. The prospectus said Temasek would retain a 28.5 per cent stake in the trust after the initial public offering, making it the single largest unit holder in the CitySpring. -- REUTERS
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hohokit Veteran	10-Jan-2007 00:13        hohokit About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hyflux also spun off onto trust on 22 dec 06 news,any link??
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bulbideal Member	10-Jan-2007 00:04        bulbideal About Contact  Quote this Post!
x 0   x 0  Alert Admin	yup. Heard it, something to do with infarsturcture. Got Hyflux inside too. I think Spring City if im not wrong. This is interesting, dun know how much is it?
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tycoon Member	10-Jan-2007 00:02        tycoon About Contact  Quote this Post!
x 0   x 0  Alert Admin	Channel News Asia reports Temasek Holdings to launch Trust. Anyone heard about this ???
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