City Spring Infrastructure(CIT) will be merging with Keppel Infrastructure Trust(KIT), this will result into the biggest pure utility stock on sgx with over 4 billion worth of assets! So how will it be done? CIT will absorb KIT and post deal it will be renamed as KIT. The swap ratio would be 2.106 CIT shares for 1 original KIT shares So basically if you currently hold 1000 shares of CIT, your total shares will remain the same and the counter will be renamed into KIT at the end of the deal. If you currently hold 1000 shares of KIT, your shares will be multiplied into 2106 shares of the new KIT. Trading Opportunity CIT currently trades at 2.5 times book value, with a dividend yield of 6.4% and has lots of debt KIT currently trades at 1.08 times book value, with a dividend yield of 6% ......