What happened? Keppel Infrastructure Trust (KIT) completed a private placement of 456.6m new units at S$0.438 each in early September 2024.  This represents 8.2% of existing unit base and 7.5% of the enlarged unit base of 6,083.3m.  The placement raised S$200m for the repayment of a S$390m bridge loan taken up to acquire Ventura Motors […]

source: https://thefinance.sg/2024/09/17/keppel-infrastructure-trust-equity-fund-raising-may-impact-distribution-outlook/