Username
Password
Forget Password?
  1. Indices
  2. Commodities
  3. Currencies
Straits Times 3,114.16 -11.98 -0.38%
Hang Seng 26,719.58 -128.91 -0.48%
Dow Jones 26,770.20 -255.68 -0.95%
Shanghai Composite 2,938.14 -39.19 -1.32%
Macquarie Int’l Infrastructure Fund Closes Sale Of 90% Stake In Hua Nan Expressway
Daily Bulletin | 15 September 2015
By:

Macquarie International Infrastructure Fund has reached financial close on the sale of its 90 percent interest in South China Highway Development, which in turn holds a 90 percent stake in Hua Nan Expressway, to Topwise Consultants for a consideration of $110 million.

The fund will distribute the net proceeds of the sale and any excess cash following the settlement of its liabilities to the shareholders, by way of redemption of the ordinary shares in the capital of the fund.

Net amount to be distributed to shareholders is expected to be no less than $0.0825 per share. The final share redemption price will be announced on 22 September 2015.

The share redemption will lead to the delisting of the fund from the Singapore Exchange and its subsequent winding up. Trading in the shares will be suspended from 18 September.


Join The Conversation
The Shares Investment editorial team welcomes constructive feedback on our coverage and content. We would also be delighted to answer any questions on the above article. Leave us a comment below, and we'll get back to you shortly!

All Rights Reserved. Pioneers & Leaders (Publishers) Pte Ltd. Best viewed with Mozilla Firefox 3.5 and above.