The manager of K-Green Trust, a business trust focusing on investing in eco-friendly infrastructure assets, is proposing to change the trust's name and expand the variety of assets it can invest in.
The new name proposed is Keppel Infrastructure Trust, said manager Keppel Infrastructure Fund Management on Monday.
The trust will also drop the phrase "green infrastructure assets" from its investment mandate and will be free to invest in any asset that its manager considers an "infrastructure business".
"By widening the trust's investment mandate, we will benefit from a wider range of opportunities so that we can continue to deliver stable and recurring returns to our unitholders," said Mr Thomas Pang, chief executive of Keppel Infrastructure Fund Management.
"We intend to continue pursuing quality infrastructure assets that provide predictable and sustainable cash flows," he added.
The proposed changes to the K-Green Trust's trust deed are subject to unitholders' approval, which will be sought at an extraordinary general meeting to be held on April 15 immediately after the trust's annual general meeting.