Macquarie International Infrastructure Fund said it completed the sale of its 40% interest in Singapore Changshu Development Company for $112.2 million to Pan-United Infrastructure, a wholly-owned subsidiary of Pan-United Corporation and Petroships Investment.
Changshu Development Company in turn holds a 95% interest in Changshu Xinghua Port Co. (CXP).
MIIF also said it will distribute the net proceeds from the sale of CXP to MIIF shareholders as a return of capital of 9.7 cents per share in the capital of MIIF.
In addition, MIIF confirmed it will pay out a final dividend of 0.8 cents per share for the six months ending 31 December 2013.
Wednesday, September 25, 2013
MIIF to distribute 9.7 cents per share from sale of Changshu Xinghua Port Co. ...
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