Stocks to watch: Keppel, Starhill Global Reit, Ley Choon

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jun 9):

Keppel : The company’s private fund, Keppel Data Centre Fund III (KDCF III), has secured land to develop a 60 megawatt greenfield data centre in Seoul, South Korea, it said on Tuesday. KDCF III will buy about a 73 per cent effective stake in a special purpose vehicle, which owns the land, for an undisclosed amount. The planned artificial intelligence-ready data centre is targeted to be ready for service by 2030 and will serve serve hyperscalers, cloud service providers and corporates, said Keppel. Shares of Keppel fell 1.2 per cent to close S$0.13 lower at S$10.46 on Monday.

Starhill Global Reit : The manager of the real estate investment trust (Reit) announced on Monday that Kemmy Tan will be appointed CEO and executive director effective Jul 1. The current CEO, Ho Sing, will step down on Jun 30, instead of Aug 10 as previously announced. Units of Starhill Global Reit ended flat at S$0.535 on Monday, before the announcement.