SGX:BN4

Keppel Infrastructure Trust Secures Key Regulatory Approval for Stake Acquisition

Keppel Infrastructure Trust (SGX:A7RU) secured regulatory approval from the Energy Market Authority of Singapore for the acquisition of an additional 39% stake in Keppel Merlimau Cogen, according to a Monday filing with the Singapore Exchange.Keppel Merlimau operates a 600MW combined cycle gas turbine power plant on Jurong Island.Earlier, the trust had agreed to acquire the stake from Keppel (SGX:BN4) for about SG$128.1 million.

Keppel Completes Issuance of SG$325 Million Worth of Bonds

Keppel (SGX:BN4) completed the issuance of SG$325 million worth of 3.30% subordinated perpetual bonds, according to a Thursday filing with the Singapore Exchange.The bonds fall under the global asset manager's $5 billion multi-currency debt issuance program.The bonds are expected to be listed and quoted on June 12, the filing said.

Keppel Repurchases Shares Worth SG$2.1 Million

Keppel (SGX:BN4) bought back 200,000 shares in the open market on Wednesday for over SG$2.1 million, according to a same-day filing with the Singapore Exchange.The infrastructure and real estate company has so far repurchased nearly 10 million shares under its existing buyback mandate.

Keppel Repurchases Shares Worth SG$4.2 Million

Keppel (SGX:BN4) bought back 400,000 shares in the open market on Tuesday for nearly SG$4.2 million, according to a same-day filing with the Singapore Exchange.The infrastructure and real estate company has so far repurchased nearly 9.8 million shares under its existing buyback mandate.

Keppel Prices SG$325 Million Subordinated Perpetual Securities

Keppel (SGX:BN4) has priced SG$325 million of fixed-rate subordinated perpetual securities at 3.30% under its $5 billion multi-currency debt issuance program, according to a Thursday filing to the Singapore bourse.The global asset manager and operator has appointed DBS Bank, Oversea-Chinese Banking Corporation (SGX:O39), and United Overseas Bank (SGX:U11) as joint bookrunners and lead managers for the issue.Keppel plans to use the proceeds from the issue to fund general corporate needs and refinance existing perpetual debt.The Series 018 Securities will be issued in the denomination of SG$250,000 and will be perpetual, with no fixed redemption date. They are expected to be issued on or around June 11.The company will have the option to redeem the Series 018 Securities in whole, but not in part, at 100% of their principal amount, together with the distribution accrued on June 11, 2029.Keppel plans to list the new Series 018 securities on the Singapore exchange for qualified institutional and accredited investors.

Keppel Liquidates Subsidiary

Keppel (SGX:BN4) completed the voluntary liquidation of wholly-owned subsidiary, Double Peak Holdings, according to a Tuesday filing with the Singapore Exchange.The company had earlier reported plans to liquidate the subsidiary in a filing from Jan. 7.

Keppel's Hydrogen-Compatible Plant Commences Operations

Keppel's (SGX:BN4) hydrogen-compatible cycle power plant, Keppel Sakra Cogen (KSC) Plant, began operations on Friday, according to a same-day Singapore bourse filing.The facility will generate 600MW of power and is expected to increase the company's overall capacity in Singapore by around 45%.The plant is able to co-combust up to 30% of hydrogen and natural gas at the onset, Keppel said.

Keppel On Track to Achieve Key Carbon Emissions Milestone

Keppel (SGX:BN4) says it is well ahead of its 2050 target to achieve a key carbon emissions milestone, according to a company filing on the Singapore bourse on Thursday.The company reported an 87.6% reduction in its Scope 1 and 2 emissions in 2025, with 2050 set as the target to hit net-zero emissions.The global asset manager and operator's Scope 1 emissions fell by 97% from 2020 to 2025.

Keppel Repurchases Shares Worth SG$3.3 Million

Keppel (SGX:BN4) bought back 300,000 shares in the open market on Tuesday for about SG$3.3 million, according to a same-day filing with the Singapore Exchange.The infrastructure and real estate company has so far repurchased nearly 7.3 million shares under its existing buyback mandate.

Keppel Repurchases More Shares

Keppel (SGX:BN4) bought back 70,000 shares in the open market on Monday for about SG$767,035, according to a same-day filing with the Singapore Exchange.The infrastructure and real estate company has so far repurchased nearly 7 million shares under its existing buyback mandate.

Singapore Shares Close Higher Amid Middle East Peace Hopes; JustCo Plunges 18%

Singapore shares closed higher on Friday, tracking regional gains as investors responded positively to hopes of the US and Iran reach a deal to end hostilities.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,039.79 and 5,072.00 throughout the day. It ended the session at 5,068.15, up 22.44 points or 0.4% compared to Thursday's close.On the corporate front, shares of JustCo (SGX:JCO) crashed nearly 18% at the close as it made a tepid trading debut on the Singapore Exchange on Friday, with its shares opening 11% below the IPO price.Keppel (SGX:BN4) shares closed nearly 5% higher as its proposed divestment of its telecommunications arm, M1, to Tuas Ltd. (ASX:TUA) subsidiary Simba Telecom was terminated.Meanwhile, shares of Bukit Sembawang Estate (SGX:B61) were up over 1% at the close as the company's profit before tax zoomed 58% in the fiscal second half ended March 31 to SG$99.4 million from SG$63.0 million a year earlier.

Keppel's M1 Divestment Deal Terminated Amid Regulator's Probe Suspension; Shares Rise 4%

Keppel (SGX:BN4) said the proposed divestment of its telecommunications arm, M1, to Tuas Ltd. (ASX:TUA) subsidiary Simba Telecom has been terminated, according to a Friday filing with the Singapore Exchange.The termination comes after the Singapore regulator, Infocomm Media Development Authority (IMDA), suspended its review of Simba's SG$1.4 billion bid to acquire M1's telecommunications business due to alleged breaches of the Telecommunications Act.The agreement with Simba lapsed when the long-stop date came up on May 21.Shares of the asset manager were up over 4% in late-morning trade Friday.

CGS International Downgrades Keppel to Hold from Add; Adjusts Price Target to SG$11.50 from SG$13.52

Keppel Repurchases Over SG$5 Million Worth of Shares

Keppel (SGX:BN4) bought back 500,000 shares in the open market on Tuesday for about SG$5.1 million, according to a same-day filing with the Singapore Exchange.The infrastructure and real estate company has so far repurchased 6.1 million shares under its existing buyback mandate.

Market Chatter: Keppel to Let M1 Deal with Simba Lapse; to Look for New Buyers

Keppel (SGX:BN4) will allow the sale and purchase agreement for the disposal of M1 to Simba Telecom to lapse, according to the company's chief executive, Loh Chin Hua, during a briefing with media outlets and analysts late Monday, as cited by The Straits Times.This comes after the Singapore regulator, Infocomm Media Development Authority (IMDA), suspended its review of Simba's SG$1.4 billion bid to acquire M1's telecommunications business due to alleged breaches of the Telecommunications Act, the report said.The agreement with the ASX-listed Tuas (ASX:TUA) unit Simba will lapse when the long-stop date comes up on May 21, the report noted.Simba can be fined up to SG$1 million due to regulatory breaches if found guilty, the report added.The Singapore-based asset manager confirmed that it has not shelved plans to dispose of M1, with plans to monetize M1 in about one to two years, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Singapore Regulator Suspends Assessment of Keppel's SG$1.4 Billion Sale of M1; Shares Down 3%

Singapore's Infocomm Media Development Authority (IMDA) suspended its evaluation of Keppel's (SGX:BN4) proposed SG$1.4 billion sale of telecommunications provider M1 to Simba Telecom, a unit of ASX-listed Tuas Ltd. (ASX:TUA), according to a Monday filing with the Singapore Exchange.This comes after IMDA's review revealed that Simba Telecom could have been using radio frequency bands that had not been assigned to it to provide mobile services, which is a breach of the city-state's laws.Under the agreement between Keppel and Simba, the sale purchase agreement will cease to have effect in case the proposed disposal fails to secure approval from the IMDA on or before the long-stop date of May 21.Shares of the company were down over 3% in early Monday morning trading.

Keppel Signs 25-Year Subsea Fiber Deal with Telstra on Bifrost Cable System

Keppel (SGX:BN4) signed a 25-year Indefeasible Right of Use (IRU) agreement with Telstra International for a fiber pair on the Bifrost Cable System, according to a Friday filing with the Singapore Exchange.This follows the signing of a binding term sheet between the two companies in January this year, the filing said.Under the agreement, Telstra will secure an exclusive fiber pair on the Bifrost Cable System, a subsea cable system directly linking Singapore to the west coast of USA via Indonesia through the Java Sea and Celebes Sea.The Bifrost system supports AI workloads and cloud-native platforms and offers a round-trip latency of nearly 165 milliseconds.Keppel's investment in the Bifrost fiber pairs was carried out through a 40-60 joint venture with private fund co-investors. The JV vehicle currently owns and manages five distinct fiber pairs within the transpacific network.The company is now in talks with potential customers on the remaining high-bandwidth pairs, with contracts expected to be signed during the first half of the year.

Keppel Repurchases Over SG$2 Million Worth of Shares

Keppel (SGX:BN4) bought back 200,000 shares in the open market on Wednesday for about SG$2.2 million, according to a same-day filing with the Singapore Exchange.The infrastructure and real estate company has so far repurchased 4.1 million shares under its existing buyback mandate.

Keppel Repurchases SG$4.4 Million Shares

Keppel (SGX:BN4) bought back 400,000 shares in the open market on Monday for SG$4.4 million, according to a same-day filing with the Singapore Exchange.The infrastructure and real estate company has so far repurchased nearly 3.5 million shares under its existing buyback mandate.