SINGAPORE (Oct 6): Keppel Corp says the Singapore Exchange has issued its eligibility-to-list letter for the proposed IPO and listing of Keppel-KBS US REIT.

See: Keppel admits in talks with KBS to list US commercial REIT

In addition, Keppel Capital has agreed to acquire from KBS Pacific Advisors a 50% stake in Keppel-KBS US REIT Management for US$27.5 million ($37.7 million).

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