The Business Times
business-time-50
SUBSCRIBERS

Stocks to watch: Keppel DC Reit

google-preferred-sourceAdd BT as a preferred source
Chloe Lim

Chloe Lim

Published Fri, Jan 3, 2025 · 08:24 AM
    • Keppel DC Reit will be divesting Basis Bay Data Centre in Cyberjaya, Malaysia, for RM55.6 million (S$16.9 million).
    • Keppel DC Reit will be divesting Basis Bay Data Centre in Cyberjaya, Malaysia, for RM55.6 million (S$16.9 million). PHOTO: BT FILE

    THE following company saw new developments that may affect the trading of its securities on Friday (Jan 3):

    Keppel DC Reit : The manager of the real estate investment trust (Reit) announced on Thursday that it would be divesting Basis Bay Data Centre in Cyberjaya, Malaysia, for RM55.6 million (S$16.9 million). It said that the sale is expected to be completed around the third quarter of 2025. The Reit’s share of the consideration paid by Basis Bay Services MSC is RM55.1 million, based on its 99 per cent shareholding in Basis Bay Capital Management and the divestment consideration. The counter closed 1.4 per cent or S$0.03 higher at S$2.21, before the news.

    Stocks to watchSGX

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    Electric vehicles and the changed dynamics of mainstream and luxury car segments mean Certificates of Entitlement should not be used to classify cars.

    Is it time to scrap COE categories for cars? 

    Thailand’s target is to export seven million tonnes of rice globally in 2026, but the Middle East war has turned the world topsy-turvy with supply disruptions, high oil prices and economic uncertainty.

    Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why

    Indonesian President Prabowo Subianto and Russian President Vladimir Putin met at the Kremlin in Moscow on April 13.

    As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More