Of the amount, US$53.1 million is consideration for the sale shares, while the remaining US$45.5 million is for the repayment of shareholder’s loans.
Keppel Land Limited, the wholly-owned subsidiary of Keppel Corporation, is divesting its entire stake in Flemmington Investments for a total of US$98.6 million ($134.6 million).
Flemmington Investments holds a 42% stake in a project company which holds the rights to develop a site of approximately 30 hectares located in Ho Chi Minh City, Vietnam.
