SG Digest: Keppel unit exits two firms; Straits Trading to buy Tokyo assets

Source: One of Keppel Logistics's regional logistics facilities in China (Keppel Telecommunications & Transportation Ltd (Keppel T&T))

Keppel Telecommunications & Transportation Ltd is divesting its entire stake in two North Asian-based logistics companies for S$39 million ($28.22 million) while fellow listed peer Straits Trading Company Limited (STC) is acquiring a Tokyo area apartment buildings for ¥3.08 billion ($28.51 million).

Keppel T&T divests stakes in two logistics firms for $28m

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter