The termination is not expected to have any material impact on the group’s net tangible assets per share or earnings per share for the current financial year.
Keppel Land has terminated the divestment of its 100% stake in Flemmington Investments, announced Keppel Corporation (SGX:BN4
) on May 12.
No further reasons were given, except that Keppel Land, the purchaser, as well as the relevant parties have already entered into an agreement to terminate the divestment agreements.
