Keppel DC REIT secures full ownership of key data centres in Singapore
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 19 2024
0mins
Source: Yahoo Finance
Keppel's Data Centre Spin-off: Singapore's Keppel is divesting its data centre joint venture to Keppel DC REIT for S$1.38 billion, with Keppel retaining operational roles for the two data centres involved.
Equity Fundraising Launch: Keppel DC REIT is also initiating an equity fundraising placement targeting around S$1 billion in proceeds, with new unit prices set between S$2.074 and S$2.128.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
