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Keppel REIT ( (SG:K71U) ) has provided an update.
Keppel REIT has announced the launch of an underwritten non-renounceable preferential offering to raise approximately S$886.3 million. The offering is priced at S$0.96 per new unit, representing a 6.8% discount to the volume-weighted average price of S$1.0301. This move is expected to strengthen Keppel REIT’s financial position and provide capital for future investments, potentially enhancing its market competitiveness and benefiting stakeholders.
The most recent analyst rating on (SG:K71U) stock is a Buy with a S$1.20 price target. To see the full list of analyst forecasts on Keppel REIT stock, see the SG:K71U Stock Forecast page.
More about Keppel REIT
Keppel REIT is a real estate investment trust based in Singapore, focusing on commercial properties. It invests in a portfolio of income-producing commercial real estate and real estate-related assets in key business districts across Asia.
Average Trading Volume: 8,565,533
Technical Sentiment Signal: Buy
Current Market Cap: S$4.13B
Find detailed analytics on K71U stock on TipRanks’ Stock Analysis page.