SINGAPORE - Shares of K-Green Trust made a strong debut on the Singapore stock market on Tuesday, rising as high as $1.33 (US$0.96) with over eight million shares traded.
Around 0243 GMT, K-Green was traded at $1.22, 5.2 per cent higher than its implied price of $1.16.
'Investors are keen on buying the stock mostly because of its good dividend yield and long-term prospects for the green business,' said a local trader.
K-Green, which owns waste-to-energy and water treatment plants, is 49 per cent-owned by rigbuilding, engineering and property conglomerate Keppel Corp.
It made its Singapore market debut after its parent distributed 51 per cent of K-Green shares to existing Keppel shareholders. -- REUTERS
Posts
A Chasing Sunsets Fund – A Better Way to Plan Nice-to-Haves in Financial
Independence.
-
One of the spending needs that many of you would consider as part of the
income needs for your financial independence (FI) or FIRE, is to have
enough mon...
10 months ago
No comments:
Post a Comment