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Keppel DC REIT has announced the termination of its proposed sale involving NetCo bonds and preference shares. The decision was disclosed in a filing released earlier today, with the company confirming that the planned transaction will not proceed further. The update comes as part of its routine corporate disclosures under its listed entity obligations. Keppel DC REIT, which focuses on data centre-related assets, did not provide additional financial details regarding the cancellation. The move reflects a change in direction on the previously proposed divestment exercise.
Keppel DC REIT has confirmed that it has discontinued its planned sale of NetCo bonds and preference shares. The announcement was made through an official filing released earlier today, stating that the proposed transaction has been terminated and will no longer move ahead. Advertisement
The decision effectively halts a previously outlined divestment plan involving financial instruments linked to NetCo. No additional clarification was provided on the reasons behind the termination or any revised timeline for similar transactions in the future.
Keppel DC REIT, which operates as a real estate investment trust focused on data centre assets and related infrastructure investments, continues to manage its existing portfolio under its broader investment strategy. The company did not indicate any immediate replacement transaction following this update.
The disclosure forms part of its standard reporting obligations as a listed entity, ensuring updates are shared with investors and market participants in a timely manner.
Source Reuters
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