Keppel Infrastructure Trust 吉宝基础设施信托 – An Erosion of Trust
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Keppel Infrastructure Trust (KIT) – An Erosion of Trust
This report issued by CML critically examines the external management structure prevalent in Singapore’s REIT and Business Trust sector, specifically focusing on Keppel Infrastructure Trust (KIT) and its manager, Keppel Infrastructure Fund Management (KIFM). The analysis highlights the inherent conflicts of interest arising from this model, where the manager’s fees may not align with unitholder
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Keppel Ltd: Part IV – Is there more to the Keppel O&M deal than meets the Eye?
This report from Corporate Monitor Limited scrutinises Keppel Corporation’s 2023 divestment of its Offshore & Marine (O&M) division’s legacy rigs to AssetCo, a transaction valued at S$4.4 billion. The report questions the deal’s structure, particularly the generous financing terms granted to AssetCo and the involvement of Argyle Street Management (ASM) and its affiliates. Concerns are
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