Keppel Telecommunications reviews China logistics operations to boost growth

Keppel Telecommunications & Transportation (Keppel T&T) on Thursday said it is currently undertaking a strategic review of its China logistics portfolio to boost operations.

keppel
Keppel.

Keppel Telecommunications & Transportation (Keppel T&T) on Thursday said it is currently undertaking a strategic review of its China logistics portfolio to boost operations.

Keppel T&T, a unit of conglomerate Keppel Corp, aims to optimise and focus resources to become the urban logistics solutions provider of choice, it said in a statement on Thursday.

Keppel T&T has appointed Evercore Asia (Singapore) Pte as its financial adviser to assist with the strategic review.

Keppel T&T is present in Guangdong, Tianjin, Anhui and Jilin provinces of China. Through its partnerships, Keppel T&T offer integrated port logistics solutions, as well as develops and operates food logistics parks.

As part of the strategic review, Keppel T&T, through Evercore, may undertake preliminary discussions with various parties to evaluate the viability of options available.

However, there is no assurance that any transaction will materialise from such a strategic review or that any definitive or binding agreement will be reached, the company said.

Keppel Telecommunications & Transportation provides logistics and data center services, with operations across Asia Pacific and Europe.

Shares in Keppel Telecommunications & Transportation gained 2.6 percent to S$1.61 on the Singapore Exchange. The stock has risen 3 percent over the past one year.

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