Business Services Industry
Fund follows roads to growth.
Australasian Business Intelligence, February, 2006
Byline: Michael Tsang and Kevin Cho
Feb 21, 2006 (The Australian Financial Review - ABIX via COMTEX) -- Macquarie Korea Infrastructure Fund (MKIF) is slated to list on the London Stock Exchange on 14 March 2006. It will also list on the South Korean exchange on 15 March. MKIF will
seek to raise up to $US1.17bn ($A1.58bn) in its initial public offering, which will comprise 136.7 million shares. MKIF is backed by Australian-listed Macquarie Bank, and will hold transport-related assets such as toll roads, bridges and tunnels. MKIF's dividend yield will be within the range of 4.9 per cent to 5.9 per cent, compared with just 1.28 per cent for companies included in the Kospi...
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