Keppel Infra Trust to make extra $23.8 million arbitration provision for Basslink

The Straits Times2021-06-10

SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink. This is on top of the $76.2 ...

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Comments

Jimmy365
2021-06-10
Jimmy365
Okok
- peterpak:
  thanks !
Derrick0359
2021-06-10
Derrick0359
Wow
kuahw
2021-06-10
kuahw
Yes
- Derrick0359:
  Good
TK63
2021-06-10
TK63
Like it
- TK63:
  huat
- kuahw:
  Ok
skyes
2021-06-10
skyes
Lnc plss tqtq
- DLiew:
  Ok
JasonHong
2021-06-10
JasonHong
Like & comment
- Uknow09:
  Like and comment back please

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One arbitration addresses a dispute notice Basslink filed under its services agreement, while the other addresses a dispute notice Hydro Tasmania filed under the same services agreement.\nBasslink has advised that it is in discussions with the State of Tasmania and Hydro Tasmania about paying these costs as part of Basslink's refinancing of its existing debt, KIT's trustee-manager said.\nIt does not expect the additional arbitration provision of $23.8 million to have any financial impact on the trust's distribution per unit for the financial year ended Dec 31, 2021.\nThis is because there is no contractual recourse to KIT under Basslink's operations agreement, services agreement, or financing arrangements. 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKeppel Infra Trust to make extra $23.8 million arbitration provision for Basslink\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BN4.SI":"吉宝有限公司"},"source_url":"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142975249","content_text":"SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 million provisions the trust made for the fiscal year ended Dec 31, 2020, the trustee-manager said on Thursday (June 10) in a bourse filing.\nBasslink, which runs an undersea electricity cable in Australia's Tasmania, advised KIT of the arbitrator's decision on costs for three arbitrations to resolve disputes over a cable failure in December 2015.\nParties in arbitration opt for private dispute resolution instead of going to court.\nFor the arbitration addressing a dispute notice issued by the State of Tasmania under Basslink's operations agreement, Basslink will pay the State A$7.2 million (S$7.4 million) and interest of about A$1 million in arbitration costs.\nBasslink will pay a total of A$26 million in costs to Australian state enterprise Hydro Tasmania for two arbitrations - each A$13 million. One arbitration addresses a dispute notice Basslink filed under its services agreement, while the other addresses a dispute notice Hydro Tasmania filed under the same services agreement.\nBasslink has advised that it is in discussions with the State of Tasmania and Hydro Tasmania about paying these costs as part of Basslink's refinancing of its existing debt, KIT's trustee-manager said.\nIt does not expect the additional arbitration provision of $23.8 million to have any financial impact on the trust's distribution per unit for the financial year ended Dec 31, 2021.\nThis is because there is no contractual recourse to KIT under Basslink's operations agreement, services agreement, or financing arrangements. KIT also does not rely on Basslink's cash flows for its distributions.\nKIT units were trading 0.9 per cent or 0.5 cents lower at 55.5 cents as at 10.29am on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4678042,"gmtCreate":1623379760180,"gmtModify":1663228423839,"authorId":3579228873956938,"author":{"id":3579228873956938,"idStr":"3579228873956938","authorId":3579228873956938,"name":"peterpak","avatar":"https://static.tigerbbs.com/8bcb427166f954747346dc4725836438","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":183944696,"type":1,"supId":0,"prevId":0,"content":"thanks !","text":"thanks !","html":"thanks !"}],"langContent":"EN"},{"id":183920497,"gmtCreate":1623301491519,"gmtModify":1704200434598,"author":{"id":"3574151642706297","authorId":"3574151642706297","name":"Derrick0359","avatar":"https://static.tigerbbs.com/1e4377b13ebe2fd65f630bf249fd6624","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3574151642706297","authorIdStr":"3574151642706297"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/183920497","repostId":2142975249,"repostType":4,"repost":{"id":"2142975249","pubTimestamp":1623297043,"share":"https://ttm.financial/m/news/2142975249?lang=&edition=fundamental","pubTime":"2021-06-10 11:50","market":"sg","language":"en","title":"Keppel Infra Trust to make extra $23.8 million arbitration provision for Basslink","url":"https://stock-news.laohu8.com/highlight/detail?id=2142975249","media":"The Straits Times","summary":"SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitrati","content":"<div>\n<p>SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Keppel Infra Trust to make extra $23.8 million arbitration provision for Basslink</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKeppel Infra Trust to make extra $23.8 million arbitration provision for Basslink\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BN4.SI":"吉宝有限公司"},"source_url":"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142975249","content_text":"SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 million provisions the trust made for the fiscal year ended Dec 31, 2020, the trustee-manager said on Thursday (June 10) in a bourse filing.\nBasslink, which runs an undersea electricity cable in Australia's Tasmania, advised KIT of the arbitrator's decision on costs for three arbitrations to resolve disputes over a cable failure in December 2015.\nParties in arbitration opt for private dispute resolution instead of going to court.\nFor the arbitration addressing a dispute notice issued by the State of Tasmania under Basslink's operations agreement, Basslink will pay the State A$7.2 million (S$7.4 million) and interest of about A$1 million in arbitration costs.\nBasslink will pay a total of A$26 million in costs to Australian state enterprise Hydro Tasmania for two arbitrations - each A$13 million. One arbitration addresses a dispute notice Basslink filed under its services agreement, while the other addresses a dispute notice Hydro Tasmania filed under the same services agreement.\nBasslink has advised that it is in discussions with the State of Tasmania and Hydro Tasmania about paying these costs as part of Basslink's refinancing of its existing debt, KIT's trustee-manager said.\nIt does not expect the additional arbitration provision of $23.8 million to have any financial impact on the trust's distribution per unit for the financial year ended Dec 31, 2021.\nThis is because there is no contractual recourse to KIT under Basslink's operations agreement, services agreement, or financing arrangements. KIT also does not rely on Basslink's cash flows for its distributions.\nKIT units were trading 0.9 per cent or 0.5 cents lower at 55.5 cents as at 10.29am on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":183964044,"gmtCreate":1623301251588,"gmtModify":1704200430552,"author":{"id":"3565524013399063","authorId":"3565524013399063","name":"kuahw","avatar":"https://static.tigerbbs.com/c5701d3511309441e8696220f5ad0b92","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3565524013399063","authorIdStr":"3565524013399063"},"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/183964044","repostId":2142975249,"repostType":4,"repost":{"id":"2142975249","pubTimestamp":1623297043,"share":"https://ttm.financial/m/news/2142975249?lang=&edition=fundamental","pubTime":"2021-06-10 11:50","market":"sg","language":"en","title":"Keppel Infra Trust to make extra $23.8 million arbitration provision for Basslink","url":"https://stock-news.laohu8.com/highlight/detail?id=2142975249","media":"The Straits Times","summary":"SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitrati","content":"<div>\n<p>SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Keppel Infra Trust to make extra $23.8 million arbitration provision for Basslink</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKeppel Infra Trust to make extra $23.8 million arbitration provision for Basslink\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BN4.SI":"吉宝有限公司"},"source_url":"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142975249","content_text":"SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 million provisions the trust made for the fiscal year ended Dec 31, 2020, the trustee-manager said on Thursday (June 10) in a bourse filing.\nBasslink, which runs an undersea electricity cable in Australia's Tasmania, advised KIT of the arbitrator's decision on costs for three arbitrations to resolve disputes over a cable failure in December 2015.\nParties in arbitration opt for private dispute resolution instead of going to court.\nFor the arbitration addressing a dispute notice issued by the State of Tasmania under Basslink's operations agreement, Basslink will pay the State A$7.2 million (S$7.4 million) and interest of about A$1 million in arbitration costs.\nBasslink will pay a total of A$26 million in costs to Australian state enterprise Hydro Tasmania for two arbitrations - each A$13 million. One arbitration addresses a dispute notice Basslink filed under its services agreement, while the other addresses a dispute notice Hydro Tasmania filed under the same services agreement.\nBasslink has advised that it is in discussions with the State of Tasmania and Hydro Tasmania about paying these costs as part of Basslink's refinancing of its existing debt, KIT's trustee-manager said.\nIt does not expect the additional arbitration provision of $23.8 million to have any financial impact on the trust's distribution per unit for the financial year ended Dec 31, 2021.\nThis is because there is no contractual recourse to KIT under Basslink's operations agreement, services agreement, or financing arrangements. KIT also does not rely on Basslink's cash flows for its distributions.\nKIT units were trading 0.9 per cent or 0.5 cents lower at 55.5 cents as at 10.29am on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4662348,"gmtCreate":1623301483171,"gmtModify":1663228344742,"authorId":3574151642706297,"author":{"id":3574151642706297,"idStr":"3574151642706297","authorId":3574151642706297,"name":"Derrick0359","avatar":"https://static.tigerbbs.com/1e4377b13ebe2fd65f630bf249fd6624","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":183964044,"type":1,"supId":0,"prevId":0,"content":"Good","text":"Good","html":"Good"}],"langContent":"EN"},{"id":183961595,"gmtCreate":1623301001017,"gmtModify":1704200424031,"author":{"id":"3568965050760713","authorId":"3568965050760713","name":"TK63","avatar":"https://static.tigerbbs.com/a4080eac72045136aac680a580145aba","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3568965050760713","authorIdStr":"3568965050760713"},"htmlText":"Like it","listText":"Like it","text":"Like it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/183961595","repostId":2142975249,"repostType":4,"repost":{"id":"2142975249","pubTimestamp":1623297043,"share":"https://ttm.financial/m/news/2142975249?lang=&edition=fundamental","pubTime":"2021-06-10 11:50","market":"sg","language":"en","title":"Keppel Infra Trust to make extra $23.8 million arbitration provision for Basslink","url":"https://stock-news.laohu8.com/highlight/detail?id=2142975249","media":"The Straits Times","summary":"SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitrati","content":"<div>\n<p>SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Keppel Infra Trust to make extra $23.8 million arbitration provision for Basslink</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKeppel Infra Trust to make extra $23.8 million arbitration provision for Basslink\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BN4.SI":"吉宝有限公司"},"source_url":"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142975249","content_text":"SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 million provisions the trust made for the fiscal year ended Dec 31, 2020, the trustee-manager said on Thursday (June 10) in a bourse filing.\nBasslink, which runs an undersea electricity cable in Australia's Tasmania, advised KIT of the arbitrator's decision on costs for three arbitrations to resolve disputes over a cable failure in December 2015.\nParties in arbitration opt for private dispute resolution instead of going to court.\nFor the arbitration addressing a dispute notice issued by the State of Tasmania under Basslink's operations agreement, Basslink will pay the State A$7.2 million (S$7.4 million) and interest of about A$1 million in arbitration costs.\nBasslink will pay a total of A$26 million in costs to Australian state enterprise Hydro Tasmania for two arbitrations - each A$13 million. One arbitration addresses a dispute notice Basslink filed under its services agreement, while the other addresses a dispute notice Hydro Tasmania filed under the same services agreement.\nBasslink has advised that it is in discussions with the State of Tasmania and Hydro Tasmania about paying these costs as part of Basslink's refinancing of its existing debt, KIT's trustee-manager said.\nIt does not expect the additional arbitration provision of $23.8 million to have any financial impact on the trust's distribution per unit for the financial year ended Dec 31, 2021.\nThis is because there is no contractual recourse to KIT under Basslink's operations agreement, services agreement, or financing arrangements. KIT also does not rely on Basslink's cash flows for its distributions.\nKIT units were trading 0.9 per cent or 0.5 cents lower at 55.5 cents as at 10.29am on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4666010,"gmtCreate":1623322771925,"gmtModify":1663228361851,"authorId":3568965050760713,"author":{"id":3568965050760713,"idStr":"3568965050760713","authorId":3568965050760713,"name":"TK63","avatar":"https://static.tigerbbs.com/a4080eac72045136aac680a580145aba","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":183961595,"type":1,"supId":4662317,"prevId":0,"content":"huat","text":"huat","html":"huat"},{"id":4662317,"gmtCreate":1623301246336,"gmtModify":1663228344930,"authorId":3565524013399063,"author":{"id":3565524013399063,"idStr":"3565524013399063","authorId":3565524013399063,"name":"kuahw","avatar":"https://static.tigerbbs.com/c5701d3511309441e8696220f5ad0b92","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":183961595,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":183961079,"gmtCreate":1623300952691,"gmtModify":1704200423365,"author":{"id":"3563667369548444","authorId":"3563667369548444","name":"skyes","avatar":"https://static.tigerbbs.com/aa70cf55254e97939bd378dae3de1dc9","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3563667369548444","authorIdStr":"3563667369548444"},"htmlText":"Lnc plss tqtq","listText":"Lnc plss tqtq","text":"Lnc plss tqtq","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/183961079","repostId":2142975249,"repostType":4,"repost":{"id":"2142975249","pubTimestamp":1623297043,"share":"https://ttm.financial/m/news/2142975249?lang=&edition=fundamental","pubTime":"2021-06-10 11:50","market":"sg","language":"en","title":"Keppel Infra Trust to make extra $23.8 million arbitration provision for Basslink","url":"https://stock-news.laohu8.com/highlight/detail?id=2142975249","media":"The Straits Times","summary":"SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitrati","content":"<div>\n<p>SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Keppel Infra Trust to make extra $23.8 million arbitration provision for Basslink</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKeppel Infra Trust to make extra $23.8 million arbitration provision for Basslink\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BN4.SI":"吉宝有限公司"},"source_url":"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142975249","content_text":"SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 million provisions the trust made for the fiscal year ended Dec 31, 2020, the trustee-manager said on Thursday (June 10) in a bourse filing.\nBasslink, which runs an undersea electricity cable in Australia's Tasmania, advised KIT of the arbitrator's decision on costs for three arbitrations to resolve disputes over a cable failure in December 2015.\nParties in arbitration opt for private dispute resolution instead of going to court.\nFor the arbitration addressing a dispute notice issued by the State of Tasmania under Basslink's operations agreement, Basslink will pay the State A$7.2 million (S$7.4 million) and interest of about A$1 million in arbitration costs.\nBasslink will pay a total of A$26 million in costs to Australian state enterprise Hydro Tasmania for two arbitrations - each A$13 million. One arbitration addresses a dispute notice Basslink filed under its services agreement, while the other addresses a dispute notice Hydro Tasmania filed under the same services agreement.\nBasslink has advised that it is in discussions with the State of Tasmania and Hydro Tasmania about paying these costs as part of Basslink's refinancing of its existing debt, KIT's trustee-manager said.\nIt does not expect the additional arbitration provision of $23.8 million to have any financial impact on the trust's distribution per unit for the financial year ended Dec 31, 2021.\nThis is because there is no contractual recourse to KIT under Basslink's operations agreement, services agreement, or financing arrangements. KIT also does not rely on Basslink's cash flows for its distributions.\nKIT units were trading 0.9 per cent or 0.5 cents lower at 55.5 cents as at 10.29am on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4662406,"gmtCreate":1623301832047,"gmtModify":1663228344834,"authorId":3577525278195004,"author":{"id":3577525278195004,"idStr":"3577525278195004","authorId":3577525278195004,"name":"DLiew","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":183961079,"type":1,"supId":0,"prevId":0,"content":"<u>Ok</u>","text":"<u>Ok</u>","html":"<u>Ok</u>"}],"langContent":"EN"},{"id":183963608,"gmtCreate":1623300900604,"gmtModify":1704200422878,"author":{"id":"3585283371231222","authorId":"3585283371231222","name":"JasonHong","avatar":"https://static.tigerbbs.com/345cd76b2eec5d1915f3852276dd4d45","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3585283371231222","authorIdStr":"3585283371231222"},"htmlText":"Like &amp; comment","listText":"Like &amp; comment","text":"Like & comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/183963608","repostId":2142975249,"repostType":4,"repost":{"id":"2142975249","pubTimestamp":1623297043,"share":"https://ttm.financial/m/news/2142975249?lang=&edition=fundamental","pubTime":"2021-06-10 11:50","market":"sg","language":"en","title":"Keppel Infra Trust to make extra $23.8 million arbitration provision for Basslink","url":"https://stock-news.laohu8.com/highlight/detail?id=2142975249","media":"The Straits Times","summary":"SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitrati","content":"<div>\n<p>SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Keppel Infra Trust to make extra $23.8 million arbitration provision for Basslink</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKeppel Infra Trust to make extra $23.8 million arbitration provision for Basslink\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BN4.SI":"吉宝有限公司"},"source_url":"http://www.straitstimes.com/business/companies-markets/keppel-infra-trust-to-make-extra-238-million-arbitration-provision-for","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142975249","content_text":"SINGAPORE (THE BUSINESS TIMES) - Keppel Infrastructure Trust (KIT) will make an additional arbitration provision of $23.8 million for its Australian subsidiary Basslink.\nThis is on top of the $76.2 million provisions the trust made for the fiscal year ended Dec 31, 2020, the trustee-manager said on Thursday (June 10) in a bourse filing.\nBasslink, which runs an undersea electricity cable in Australia's Tasmania, advised KIT of the arbitrator's decision on costs for three arbitrations to resolve disputes over a cable failure in December 2015.\nParties in arbitration opt for private dispute resolution instead of going to court.\nFor the arbitration addressing a dispute notice issued by the State of Tasmania under Basslink's operations agreement, Basslink will pay the State A$7.2 million (S$7.4 million) and interest of about A$1 million in arbitration costs.\nBasslink will pay a total of A$26 million in costs to Australian state enterprise Hydro Tasmania for two arbitrations - each A$13 million. One arbitration addresses a dispute notice Basslink filed under its services agreement, while the other addresses a dispute notice Hydro Tasmania filed under the same services agreement.\nBasslink has advised that it is in discussions with the State of Tasmania and Hydro Tasmania about paying these costs as part of Basslink's refinancing of its existing debt, KIT's trustee-manager said.\nIt does not expect the additional arbitration provision of $23.8 million to have any financial impact on the trust's distribution per unit for the financial year ended Dec 31, 2021.\nThis is because there is no contractual recourse to KIT under Basslink's operations agreement, services agreement, or financing arrangements. KIT also does not rely on Basslink's cash flows for its distributions.\nKIT units were trading 0.9 per cent or 0.5 cents lower at 55.5 cents as at 10.29am on Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4662330,"gmtCreate":1623301403662,"gmtModify":1663228344836,"authorId":3578268652597294,"author":{"id":3578268652597294,"idStr":"3578268652597294","authorId":3578268652597294,"name":"Uknow09","avatar":"https://static.tigerbbs.com/07544b47944a89f8781b4ba1dac87b05","vip":1,"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":183963608,"type":1,"supId":0,"prevId":0,"content":"Like and comment back please","text":"Like and comment back please","html":"Like and comment back please"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":71,"commentSize":27,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2142975249"}