Corporate digest

Keppel Infrastructure Trust

KEPPEL Infrastructure Trust has upsized its multi-currency debt scheme to S$2 billion, double the maximum principal that could earlier be issued, the manager said on Tuesday.

It has also incorporated fallback and benchmark replacement provisions in the terms and conditions, as well as rate-fixing provisions for the Singapore Overnight Rate Average (Sora) when it comes to floating rate notes and perpetual securities.

Frasers Centrepoint Trust

FRASERS Centrepoint Trust (FCT) has appointed Aaron Loh and Angela Ee care of EY Corporate Advisors as the liquidators of inactive, wholly-owned subsidiary ARMF (Singapore) Pte Ltd, the manager said on Tuesday.

The voluntary liquidation is not expected to have any material impact on the net tangible assets or distributions per unit of FCT and its subsidiaries for the year to Sept 30, 2021.

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Falcon Energy Group

DEBT-HIT offshore and marine company Falcon Energy Group and its subsidiary Asetanian Marine have asked the High Court for extensions for their scheme meetings, the board said on Tuesday. The extension applications are fixed for hearing on May 12 at 2.30pm, and any interested party who wants to attend should notify Falcon and Asetanian in writing by May 6, no later than 6pm.

OKP Holdings

A 51 per cent-owned unit of mainboard-listed construction company OKP Holdings has exercised its option to purchase two freehold conservation shophouses for S$12.38 million, the board disclosed on Tuesday.

The purchase of 69 and 71, Kampong Bahru Road will be funded by internal resources and bank borrowings, and is not expected to materially affect the net tangible assets or earnings per share for the year to Dec 31.