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Temasek sells KReit stake for $125m

Placement works out to 3.74% of KReit that Temasek received as dividend

MBFC: KReit's key properties in Singapore include the Ocean Financial Centre, Marina Bay Financial Centre (above) and One Raffles Quay. - FILE PHOTO

TEMASEK Holdings has sold its entire direct stake in office landlord Keppel Reit (KReit) in a share placement that started on Monday evening, sources close to the deal said yesterday.

The deal involved 103,994,321 shares offered at a price range of between $1.195 and $1.21 per share, the...