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KKR-Singtel Consortium Completes Acquisition of STTGDC; Company Launches Refreshed Global Brand for Next Phase of Growth

Asia Pacific

KKR-Singtel Consortium Completes Acquisition of STTGDC; Company Launches Refreshed Global Brand for Next Phase of Growth
Asia Pacific

Asia Pacific

KKR-Singtel Consortium Completes Acquisition of STTGDC; Company Launches Refreshed Global Brand for Next Phase of Growth

2026-09-02 11:05 Last Updated At:11:26

Completion strengthens STTGDC’s ability to scale AI-ready digital infrastructure, building on strong operating momentum while maintaining continuity of strategy, leadership and customer commitment

SINGAPORE – Media OutReach Newswire – 2 September 2026 – STTGDC today announced the completion of its acquisition by a KKR-led consortium comprising funds managed by global investment firm KKR and Singtel, and unveiled a refreshed global brand, marking the beginning of the company's next chapter as a global digital infrastructure platform.

The transaction strengthens STTGDC's ability to execute a strategy already in motion, with long-term capital, increased financial flexibility and the consortium's global infrastructure experience providing continued growth and momentum. Customers will continue to be served by the same leadership team, operating discipline and long-term commitment that have underpinned the company's growth for more than a decade.

Retaining the STTGDC name, the refreshed brand reflects the scale, capabilities and global platform the company has built over more than a decade. It is anchored in Built Ready, expressing STTGDC's focus on delivering the reliable, resilient and AI-ready infrastructure required by customers across Asia, the United Kingdom and Europe.

"Today marks the most important turning point in STTGDC's evolution since we founded the company more than 12 years ago," said Bruno Lopez, President and Group CEO of STTGDC. "The completion of this transaction signals the beginning of a new chapter for our company. We have spent over a decade building a global platform with the scale, capabilities and operating discipline needed to support the next generation of cloud and AI growth. With the KKR-Singtel consortium's investment, we have greater capacity to grow and execute at scale while remaining true to the values and customer commitment that have defined STTGDC from its inception. Our refreshed brand reflects both the company we have become and the responsibility we carry as digital infrastructure becomes increasingly critical to economies, businesses and communities. Built Ready is our commitment to delivering the critical infrastructure our customers need to grow with confidence, while building responsibly and sustaining the trust of governments, customers and communities."

STTGDC enters this phase with strong operating momentum and a substantial development pipeline. Since the end of 2025, operational capacity has increased by 25% to 780MW. In addition, contracted capacity has grown by 50% and annualised earnings before interest, taxes, depreciation, and amortisation (EBITDA) has risen by 30%[1], reflecting continued demand from hyperscalers, cloud service providers, AI customers and enterprises across its markets.

As AI changes the scale, density and complexity of data centre development, the industry's defining challenge is increasingly the ability to convert demand into delivered capacity. This requires more than capital or land. It depends on coordinated planning across power, cooling, design, supply chains, financing and local market conditions, together with the discipline to deliver and operate mission-critical infrastructure reliably.

STTGDC's growth strategy remains focused on markets where customer requirements, power availability, infrastructure readiness, policy alignment and long-term fundamentals support responsible development. With close to 2GW of powered land secured for assets under construction and pipeline development, the company is well positioned to convert customer demand into delivered capacity. Its global platform capabilities and local execution experience enable it to navigate the distinct operating conditions in each market.

This approach guides STTGDC's growth and investment across its global portfolio.

In India, STTGDC has 34 data centres across 10 cities and more than 613MW of IT capacity. The company is strategically scaling its IT load capacity to support the country's expanding digital economy.

In Indonesia, STTGDC has been expanding its Jakarta campus, advancing a development pipeline of more than 360MW of AI-ready IT capacity backed by secured power. Recent development milestones continue to strengthen the company's ability to support Indonesia's growing cloud, AI and digital infrastructure requirements.

Singapore remains strategically important. The selection of STTGDC to develop 50MW of sustainable, AI-ready data centre capacity will support Singapore's continued development as a trusted and resilient hub for AI, digital infrastructure and international connectivity, contributing to the country's strategic, economic and sustainability priorities.

Responsible growth will remain integral to STTGDC's business and operations. With 83.2% of electricity consumption across its operations sourced from renewable energy, STTGDC surpassed its 2028 carbon intensity reduction target three years ahead of schedule. Alongside its environmental commitments, the company works closely with governments, customers and communities to address local priorities and earn the trust that underpins its social licence to operate.

The issuer is solely responsible for the content of this announcement.

About STTGDC

** This press release is distributed by Media OutReach Newswire through automated distribution system, for which the client assumes full responsibility. **

Declares its first interim dividend

HONG KONG SAR – Media OutReach Newswire – 2 September 2026 – Starjoy (3662) announced its interim results for the first half of 2026. The Company's net profit was RMB23.1 million, representing a year-on-year increase of approximately 10%. Core net profit amounted to RMB43.7 million. Basic earnings per share was RMB2.87 cents. The Company declared its first interim dividend, implying an annualized dividend yield of approximately 4.8%. It will continue to strive to enhance corporate value, foster sustainable development, and deliver long‑term returns and value to shareholders.

In recent years, the macro‑economic environment and real estate sector have remained uncertain, and market pressures persist. However, the Company has proactively adjusted its strategy, taking "long-term sustainability" as the core of its development and actively withdrawn from projects with risks, persistently low collection rates, and sustained cash flow losses, while actively improving service quality, focusing on management, rigorously controlling costs, and optimising supplier payment terms. As a result, the Company is well‑positioned to navigate market volatility, with greater focus on managing competitive projects so as to stabilise and mitigate adverse financial impacts. The Company anticipates that these strategic adjustments will yield results, financial impacts will stabilise and the strategy will deliver tangible outcomes going forward.

Looking ahead, the Company will continue to implement its prudent strategy and proactively respond to the challenges of the external economic environment and markets through resilient operational management. In terms of development strategies, the Company will break conventional mindsets, strive to optimise and adjust its management portfolio, and actively pursue new business areas. These include overseas property management projects, real estate and property management-related industries, as well as proactive transformation into new areas such as smart communities and artificial intelligence (AI).

It will also actively advance technology implementation and focus on applied research for smart communities and AI, to foster the digital transformation of traditional property management. Meanwhile, aligned with national strategics and seizing the opportunities of the times, the Company will conduct in‑depth research across sectors including intelligence-driven development, China's silver economy, the elderly-care industry and community-based elderly care renovation. This will help build new competitive strengths and growth inflection points, while the Company remains committed to enhancing long‑term value for shareholders and the enterprise.

Moreover, the Company has declared its first interim dividend, demonstrating management's resolve to proactively reward shareholders. The Company looks forward to sharing the business progress and returns with all shareholders and investors, as it continues to optimise its business portfolio and pursue transformational development.

Hashtag: #Starjoy

The issuer is solely responsible for the content of this announcement.

** This press release is distributed by Media OutReach Newswire through automated distribution system, for which the client assumes full responsibility. **

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