TradingMarkets.com, 23 Sep 2008
SINGAPORE, Sept 23, Sep 23, 2008 (Reuters via COMTEX) -- CYPUF | Quote | Chart | News | PowerRating -- CitySpring Infrastructure Trust, sponsored by Singapore wealth fund Temasek, is planning buys worth over S$1 billion ($710 million) but said asking prices were still too high.
"We're on the negotiating table for a number of opportunities but valuations are too high. Holders of good assets are not yet coming down to a value we find reasonable," CitySpring Chief Executive Au Yeung Fai told Reuters in an interview on Tuesday.
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