Keppel DC Reit to raise S$303m from private placement to acquire Jurong data centre

Singapore

KEPPEL DC Reit is seeking to raise some S$303.1 million in a private placement, with the majority of proceeds going towards paying for the acquisition of a new data centre, it announced in an exchange filing on Monday.

The real estate investment trust is looking to place 224 million new shares at S$1.353 each, which is a 4.9 per cent discount to the volume-weighted average price of S$1.4220 per share for trades last done on the Singapore Exchange on May 4.