Keppel T&T confirms plans for data centre REIT
This follows earlier reports that Keppel T&T is set to start pre-marketing for the IPO next week for a REIT of its data centres. The REIT is estimated at between US$200 million and US$400 million.
SINGAPORE: Keppel Telecommunications & Transportation (Keppel T&T) has confirmed that it is planning an initial public offering and that efforts to list a data centre real estate investment trust on the mainboard of the SGX are currently ongoing.
The statement came in a stock exchange filing on Thursday evening (Oct 30). It follows earlier reports that Keppel T&T is set to start pre-marketing for the IPO next week for a REIT of its data centres. The REIT is estimated at between US$200 million and US$400 million (between S$255 million and S$511 million).
In its statement on Thursday, Keppel T&T said that it has submitted applications for the IPO to the SGX and the Monetary Authority of Singapore. However, it also added that the details of the terms of the IPO are still being finalised and that the proposed listing will be subject to, among other things, market conditions and relevant regulatory approvals being obtained.
A successful listing will make this the first data centre trust in Asia.
- CNA/ac
- wong chee tat :)
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