(06-06-2021, 11:49 AM)BlackCat Wrote: Hi ghchua, thanks for sharing, I agree and am against their trust deed change to invest overseas. I hope it is just management fantasy, not a plan. IMO, NLT does not have the scale or expertise to buy overseas infrastructure (which would probably be cell towers), even as a minority partner. They are not a GIC or Brookfield.
I thought CitySpring do not have the expertise to invest in Australia as they have only Singapore based assets before buying Basslink.
I also thought CitySpring do not have the scale but they bought Basslink at an enterprise value of S$1.5 billion.
Never say never.