Temasek Holdings has sold 74.3 million units in Keppel REIT at $67.9 million or 91.38 cents on Jan 12.
The block came from the dividend in specie of Keppel’s shares where for each 5 Keppel shares held, shareholders received one Keppel REIT unit.
Temasek owns a 21.31% stake – or 375.5 million shares – in Keppel through SeaTown Holdings as at March 2023.
Keppel REIT closed Jan 12 at 92 cents, down 2.65% for the day, but up 2.2% over the past year.
