Corporate digest

Keppel DC Reit

THE manager of Keppel DC Reit has used S$148.3 million of the gross proceeds of about S$204.3 million it raised from a private placement of 81 million units announced earlier this month.

Some S$64.6 million has been used to partially fund the acquisition of a data centre in Guangdong, China, while S$81.7 million has been used to repay debt previously drawn down for investments to create debt headroom for future acquisitions, the manager said in an exchange filing on Tuesday.

The remaining S$2 million has been used to pay the fees and expenses incurred by the Reit in connection with the private placement.

Lum Chang Holdings

CONSTRUCTION group Lum Chang Holdings has reported a net profit of S$8.1 million for the full year ended June 30, recovering from its loss of S$6.1 million in the preceding year.

Revenue rose 1 per cent to S$325.6 million in FY21. Earnings per share was 0.79 cent, compared with a loss per share of 0.56 cent in the previous year.

Spindex Industries

PRECISION engineering group Spindex Industries saw a 74.5 per cent jump in net profit to S$21.3 million for the full year ended June 30.

Revenue for FY21 rose 37 per cent to S$204.9 million. Earnings per share was 18.44 cents, up from 10.57 cents in the preceding year.