Article: BRIEFING - ASIA INFRASTRUCTURE - MAY 22, 2009.

An executive briefing on infrastructure for May 22, 2009, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

280 MLN BRISCONNECTIONS SHARES TO BE SOLD AFTER DEFAULT

SYDNEY - Nearly 280 million Australian infrastructure Brisconnections securities (ASX:BCSCA) - more than 70 per cent of the group's issued capital - will be auctioned next month after they were defaulted following a second instalment date.

BrisConnections offered stapled units at A$3 (US$2.34) each when it floated last year, with A$1 payable upfront and two further A$1 payments due ...

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