Singapore-based conglomerate Keppel Corporation has requested a trading halt as it launches a $4.9 billion private fundraise aimed at expanding its education and data center assets. The move contributes to a total of $6.3 billion raised through private funds so far this year. Alongside the fundraising, Keppel announced an equity buyback of up to 5% of its issued share capital and confirmed the voluntary liquidation of a dormant subsidiary. According to the company, proceeds from the fundraise will bolster its portfolio in targeted growth sectors, while the share repurchase is expected to enhance shareholder value by reducing outstanding shares. These actions form part of Keppel’s broader strategy to diversify revenue streams, strengthen operational efficiency, and capture opportunities in the fast-growing education and data center markets.
Source: AInvest
