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Stocks to watch: Keppel DC Reit

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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.

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