AFTER spending years diversifying their portfolios, major Singapore companies have become dead set on what to keep, chisel down or ditch as they double down on their heart’s choice(s) to future-proof for growth.

It’s no wonder then that asset monetisation has become a buzzword in corporate Singapore.

This week, Singtel said it agreed to sell a 20 per cent stake in its regional data centre business for up to S$1.1 billion to US private equity giant KKR.