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25-05-2015, 02:23 PM
(This post was last modified: 25-05-2015, 02:24 PM by Curiousparty.)
Take Singspring Desal plant as an example.
It is owned 30% by Hyflux and 70% by KIT (which is 17.6% held by KI, 15.3% held by Temasek and 67.1% by public).
The Trustee of the desal plant is Singspring while KIFM (KI Fund Management) is the trustee manager of KIT.
Are we saying that since KIT owns 70% of Singspring Trust, Singspring is in no position to "negotiate" with KIT?
e.g. KIFM can sack and replace the trustee or/and operator of the desal plant at their own discretion?
It is owned 30% by Hyflux and 70% by KIT (which is 17.6% held by KI, 15.3% held by Temasek and 67.1% by public).
The Trustee of the desal plant is Singspring while KIFM (KI Fund Management) is the trustee manager of KIT.
Are we saying that since KIT owns 70% of Singspring Trust, Singspring is in no position to "negotiate" with KIT?
e.g. KIFM can sack and replace the trustee or/and operator of the desal plant at their own discretion?
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