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4 years ago
SINGAPORE PRESS-Temasek sells stake in K-REIT for S$125 mln - BT
October 23, 2013 / 12:48 AM / 4 years ago

SINGAPORE PRESS-Temasek sells stake in K-REIT for S$125 mln - BT

Oct 23 (Reuters) - Singapore state investor Temasek Holdings has sold its entire direct stake in property firm Keppel Reit (K-REIT) for around S$125 million ($101.04 million), the Business Times reported.

Temasek's share sale works out to be a stake of 3.74 percent in the property firm which it had received as part of a dividend distribution from Keppel Corp, the paper said citing sources.

(bit.ly/1icqqol)

NOTE: Reuters has not verified this story and does not vouch for its accuracy. ($1 = 1.2372 Singapore dollars) (Reporting by Saeed Azhar)

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