Date of Release of StarHub Group's Financial Results for the Full Year Ended 31 December 2013
Description:
StarHub will be announcing its Group's financial results for the full year ended 31 December 2013 on 6 February 2014, after the close of trading on the Singapore Exchange Securities Trading Limited.
People's Food Holdings Limited wishes to announce that the Singapore Exchange Securities Trading Limited has confirmed that delisting of the Company from the Official List of the SGX-ST will take effect on 6 January 2014. Accordingly, the Company will be delisted from the SGX-ST with effect from 9.00 a.m. (Singapore time) on 6 January 2014...
Written by Bloomberg
Friday, 03 January 2014 19:00
Keppel Telecommunications & Transportation, a Singapore-based logistics provider and operator of data centers, surged to a five-year high on plans to list a real estate investment trust.
Keppel Telecommunications shares jumped 15% to $1.77 at the close in Singapore, its highest level since October 2008.
The properties that would be included in the listed trust, terms at which the assets would be injected and other details such as the size of any offering and the time frame are still under review, the company said in a statement to the Singapore stock exchange.
“As of now the REIT market is still slow and industrial REITs are quite saturated so the demand will depend on the valuation,” said Vikrant Pandey, an analyst at UOB Kay Hian Pte in Singapore.
Keppel’s data center division provides places for businesses to locate their data operations along with contingency services in Singapore, Europe, Australia and Malaysia, according to its website. Keppel Telecommunication and AEP Investment Management have jointly set up the Securus Data Property Fund, a Shariah-compliant fund, which invests in a global portfolio of data center assets, the company said on its website.
Keppel Corp., the world’s largest oil-rig maker, owns an 80% stake in Keppel Telecommunications, according to the company’s annual report. The rig maker’s other property subsidiaries include Keppel Land and Keppel REIT, an office landlord in the island state.
Keppel Telecommunications is planning to raise more than $500 million from an initial public offering of its data center businesses, the Wall Street Journal reported today.
