The following companies saw new developments that may affect the trading of their securities on Thursday (Jul 20).
Keppel (BN4): Keppel Corporation on Thursday (Jul 20) said its private funds acquired the Bank of Korea’s Sogong Annex Facility, located in Seoul’s Central Business District (CBD). The move brings the conglomerate’s South Korean portfolio to 2.6 trillion won (S$2.6 billion).
The acquisition was made by Keppel Asia Macro Trends Fund IV and a co-investment programme committed by a Korean financial institution, Keppel said.
Each fund will hold 50 per cent effective interest in the property – a 13-storey office tower with adjacent parking facilities spanning some 15,750 square metres of gross floor area.
Keppel, along with a consortium with Mitsubishi Power Asia-Pacific and Jurong Engineering, broke ground on Wednesday (Jul 19) for Singapore’s first hydrogen-ready co-generation plant. The Business Times understands that this is the first power plant to be announced in Singapore in seven years.
Sabana Reit (M1GU): Sabana Industrial Real Estate Investment Trust (Sabana Reit) posted a distribution per unit (DPU) of S$0.0161 for the first half of its fiscal year ended Jun 30, 2023, up 1.3 per cent from S$0.0159 in the corresponding year-ago period, its manager announced on Wednesday (Jul 19).
Gross revenue for H1 was up 23.2 per cent on year to S$55.3 million from S$44.9 million, mainly due to higher portfolio occupancy of 93.9 per cent. This is 2.6 percentage points higher than the 91.3 per cent recorded in the corresponding year-ago period, and a multi-year high, the manager said.