The Singapore flavour in AusNet's takeover sizzle
Add BT as a preferred source
IT MUST be hard for Singapore investors to watch the budding bidding war for Australia-listed AusNet Services without a tinge of sour grapes.
After all, the energy infrastructure company, which owns gas and power distribution grids in Victoria as well as all the state's transmission lines, had a secondary listing on the Singapore Exchange (SGX) for a good 16 years. It opted for a voluntary delisting in mid-2018.
AusNet had then said it wanted to cut administrative costs, simplify its processes and drive efficiency - all of which were in keeping with the "best interests of AusNet Services as a whole".
TRENDING NOW
Singapore developer in limbo after Timor-Leste scraps major township project
Troubled platform UCars founded by group of dealers wound up on S$4 million debt
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
That ‘cheap’ Malaysia condo could cost Singapore buyers far more than they think
