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Hot stock: Keppel Reit hits 16-day low after Keppel says it will distribute units

Vivienne Tay

Vivienne Tay

Published Fri, Jul 28, 2023 · 12:13 PM
    • Keppel Reit has a 79.9 per cent interest in Ocean Financial Centre. On Friday, its units fell as much as 3.2 per cent in early trading after Keppel Corp said it would distribute the Reit's units to mark its 55th anniversary.
    • Keppel Reit has a 79.9 per cent interest in Ocean Financial Centre. On Friday, its units fell as much as 3.2 per cent in early trading after Keppel Corp said it would distribute the Reit's units to mark its 55th anniversary. PHOTO: KUA CHEE SIONG, ST

    UNITS of Keppel Reit reached a 16-day low in early trading on Friday (Jul 28) after Keppel Corp said it will distribute the real estate investment trust’s units to mark its 55th anniversary.

    On Thursday, Keppel Corp posted a net profit of S$3.6 billion for the six months ended Jun 30, far exceeding the S$498 million reported in the previous corresponding period.

    The group said for every five Keppel Corp shares held, its shareholders would receive one Keppel Reit unit. They will also receive a total cash dividend of S$0.33 per share.

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    Hot StockKeppel ReitS-Reits

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