Resignations hit Keppel T&T ahead of Reit listing

Singapore

SEVERAL senior resignations in recent weeks at Keppel Telecommunications and Transportation (Keppel T&T) and its data centre business could raise questions over its highly anticipated listing of the unit.

The Business Times understands that Keppel T&T's chief executive officer, Pang Hee Hon, plans to step down from the post which he has held since January 2010. The decision takes place at a pivotal time when Keppel T&T is readying itself for a milestone transaction - to spin off its data centre business and list it as a real estate investment trust (Reit) on Singapore Exchange's mainboard.

Mr Pang's impending resignation follows on the heels of other departures at Keppel T&T's data-centre business, more specifically at Securus Da…