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Keppel DC REIT to Raise SG$625 million via Private Placement

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Keppel DC REIT (SGX:AJBU) will issue 297.6 million new units on Thursday to raise SG$625 million through private placement, according to a same-day filing to the Singapore stock exchange.

With the issue of the new units, which will be equal in all rights to the existing ones, the total number of units in issue is around 2.75 billion.

The company recently received in‑principle approval from the Singapore Exchange for the listing and quotation of 297.6 million new units on the Main Board.

Keppel DC's shares were down over 1% in recent trade.

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