Keppel Infrastructure Fund Management Pte Ltd (KIFM), as Trustee-Manager of Keppel Infrastructure Trust, is pleased to announce the appointment of Ms Susan Chong Suk Shien (钟淑娴), as an independent, non-executive director on the Board of KIFM, with effect from 5 March 2021.
Mr Daniel Ee, Chairman of KIFM said, “On behalf of the Board, we are pleased to welcome Susan as she brings with her decades of experience both as a successful entrepreneur and a business leader committed to sustainable practices, which will broaden and further strengthen the Board’s competencies.”
Ms Chong is the founder and CEO of Greenpac (S) Pte Ltd (Greenpac), a knowledge-based company that specialises in re-engineering, designing and distributing innovative, environmentally-friendly packaging products and solutions.
Since 2002, Greenpac has grown from a one-woman start-up to a thriving multimillion dollar company under Ms Chong’s leadership. Greenpac’s customised solutions help companies make the transition to use environmentally friendly packaging that helps to reduce wastage and increase their cost savings. Today, Greenpac serves Fortune 500 companies and is the market leader for environmentally friendly packaging solutions in Asia.
She currently sits on the Boards of National Environment Agency, SkillsFuture Singapore Agency, Gardens by the Bay, Singapore Institute of Management, and Singapore Business Federation Foundation. She is also a council member of A*STAR’s Science and Engineering Advisory Council.
Ms Chong was awarded the EY Entrepreneur of the Year 2014 by Ernst & Young Singapore. She holds an Executive Master of Business Administration from the National University of Singapore and is also an alumna of Harvard Business School.
Compositions of the Board and the Board Committees
Following the abovementioned change, the Board of KIFM will comprise six Directors, of whom five are Independent Directors. The compositions of the Board and the Board committees with effect from 5 March 2021 will be as follows:
About Keppel Infrastructure Trust
Keppel Infrastructure Trust (KIT) is a diversified business trust listed on the Singapore Exchange with approximately $5 billion in assets under management. Its goal is to deliver sustainable and growing returns to Unitholders, through a combination of recurring distributions and capital growth.
KIT's portfolio of strategic infrastructure businesses and assets provide essential products and services to a wide array of customers including government agencies, multinational corporations, commercial and industrial enterprises as well as retail consumers. Its assets are segmented into the three core sectors of Distribution & Network, Energy and Waste & Water.
Businesses and assets in the Distribution & Network segment provide essential products and services in the areas of gas production, manufacturing and distribution of essential chemicals, storage of petroleum products, as well as telecoms and electricity transmission. These businesses and assets are well-positioned to deliver resilient cash flows with potential for growth that is supported by favourable market dynamics and demand over the long term.
The Energy and Waste & Water segments comprise assets that are integral to the provision of power, waste treatment and water purification. The contract terms for these assets are backed by recurring fixed capacity or availability payments, providing KIT with stable cash flows.
The Trustee-Manager for KIT is Keppel Infrastructure Fund Management, a wholly-owned subsidiary of Keppel Capital Holdings Pte. Ltd., a premier asset manager with a diversified portfolio in real estate, infrastructure, data centres and alternative assets in key global markets. KIT is sponsored by Keppel Infrastructure Holdings Pte. Ltd., which invests in, owns and operates competitive energy and infrastructure solutions and services.
The value of Units and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, KIFM or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested. Investors have no right to request KIFM to redeem their Units while the Units are listed. It is intended that Unitholders may only deal in their Units through trading on the SGX-ST. Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units. This announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for Units. The past performance of KIT is not necessarily indicative of the future performance of KIT. This announcement may contain forward-looking statements that involve assumptions, risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from other developments or companies, shifts in expected levels of occupancy rate, property rental income, charge out collections, changes in operating expenses (including employee wages, benefits and training costs), governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the KIFM’s current view on future events.
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