Reit manager allays concerns about SGX glitch

Singapore

KEPPEL Telecommunications & Transportation (Keppel T&T) will bear all the risks triggered by any service disruption occurring at the data centres under Keppel DC Reit prior to the Reit's S$513 million initial public offering (IPO), said Chua Hsien Yang, CEO of the Reit's manager, Keppel DC Reit Management.

However, post-IPO on Dec 12, which is the expected listing date, the Reit will assume the "risks and rewards of operating the data centre properties", he said. Mr Chua was commenting on a BT report that said the Nov 5 trading disruption on Singapore Exchange (SGX) stemmed from a major power outage at SGX's data centre housed in Keppel Digihub in Serangoon North.