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An announcement from Keppel DC REIT ( (SG:AJBU) ) is now available.
Keppel DC REIT has announced the issuance and listing of 40,670,000 Sponsor Subscription Units on the Singapore Exchange Securities Trading Limited. This move is part of their larger equity fund-raising initiative to raise approximately S$1.1 billion. The issuance of these units, priced at S$2.090 each, increases the total number of units in issue to 2,249,745,362. The units will trade under a temporary stock counter until the end of the distribution period on 30 June 2025. This strategic financial maneuver is poised to bolster the company’s market positioning and liquidity, potentially benefiting stakeholders with increased capital and trading opportunities.
More about Keppel DC REIT
Keppel DC REIT is a real estate investment trust based in Singapore, focused on investing in data center properties. Its primary market is the data center industry, where it aims to provide investors with regular and stable distributions as well as long-term capital growth.
YTD Price Performance: -4.76%
Average Trading Volume: 10,649
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.58B
See more data about AJBU stock on TipRanks’ Stock Analysis page.
