Personal Finance
7 things I learned from the 2019 Keppel DC REIT EGM
By Seedly  •  November 29, 2019

Keppel DC REIT (SGX: AJBU) (KDC REIT) is a pure-play data centre REIT listed on the Singapore Exchange. The REIT invests in a diversified portfolio of income-producing real estate assets which are used primarily for data centre purposes.

On 23 October 2019, Keppel DC REIT held an EGM seeking unitholders approval to acquire Keppel DC Singapore 4 (KDC SPG 4) and DataCentre One (DC1).

Source: KDC REIT EGM slides

Keppel DC REIT had raised S$478.2 million through a private placement of 135 million units at an issue price of S$1.744 per unit, and a preferential offering of about 142 million units at an issue price of S$1.71 to fund the acquisition of the two data centres. The preferential offering was well received by unitholders with an oversubscription of 9.3 times.

Here are the seven things I learned from the 2019 Keppel Data Centre REIT EGM:

1. The acquisitions for

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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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