Keppel Corporation (KEP) announced that its wholly owned subsidiary, Keppel Real Estate Investment Pte Ltd, has entered into a sale and purchase agreement with Goldman Sachs (the placement agent) for the sale of 180m units of Keppel REIT (6.7% of total issued units of KREIT) for S$1.555/unit.
The aggregate cash consideration of S$279.9m took into account
KREIT’s last transacted price of S$1.605/unit as at 20 May 2013 and the 30-day
VWAP of S$1.5129.
This is at a premium to the book value and NTA/share of
S$1.31 and S$1.28, respectively, as at 31 Mar 2013. Upon completion of the sale
(expected 27 May), KEP’s interest in KREIT remains substantial (from 58.2% to
Locking in Our REIT Investment Gains - reits stocks Jul 22, 2019 by: Tam Ging Wien All examples and stocks quoted here in this article and on the ProButterfly.com and REITScreener.com site are f...
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