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Keppel trust manager responds to report of underwater cable sale

Q3 net profit down 8.6% to S$15.5 million, DPU flat at 0.93 Singapore cent

Published Mon, Oct 16, 2017 · 09:50 PM

Singapore

THE manager of Keppel Infrastructure Trust (KIT) on Monday responded to a report in The Australian claiming that the trust's underwater cable linking Tasmania's hydro power-dependent grid to the mainland is up for sale. This is owned by KIT's wholly-owned subsidiary, Basslink.

The article said that the asset was estimated to be worth as much as A$1.2 billion …

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