SG Morning Highlights | Keppel DC REIT Announces Successful Preferential Offering

Singapore shares opened lower on Friday. The $FTSE Singapore Straits Time Index (.STI.SG)$ 0.17 percent to 3802.77 as at 9:01 am.

$Keppel DC Reit (AJBU.SG)$'s manager reported that its non-renounceable preferential offering was substantially oversubscribed at 159.9%. The offering, which closed on December 10 as part of a S$1.1 billion equity funding exercise, received valid acceptances for 80.5% of the units and excess applications for another 79.4%. As a result, the manager will issue an additional 28.9 million units to cover unaccepted offers, totaling 148.4 million units at S$2.03 each to raise approximately S$301.3 million. The new units are expected to list on the Singapore Exchange on December 18. Prior to the announcement, shares of the REIT increased by S$0.01 or 0.5% to S$2.20.

$SAM Holdings (9G2.SG)$ announced the immediate formation of a strategic review committee aimed at enhancing the performance of its medical facilities, including proton beam therapy, photon radiation therapy, and diagnostic equipment. The initiative follows a disclaimer of opinion from external auditors PwC regarding the group’s sustainability, triggered by material uncertainties observed in the financial results for the year ended June 30. Shares of the company surged 39.7% to S$0.081 prior to the announcement.