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Keppel Land divests 100% stake in Shanghai Jinju Real Estate Development Co for $196 mil

Felicia Tan
Felicia Tan • 2 min read
Keppel Land divests 100% stake in Shanghai Jinju Real Estate Development Co for $196 mil
The divestment is expected to be completed in the 4QFY2022. Photo: Keppel Corporation
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Keppel Corporation, on Oct 26, announced that its wholly-owned subsidiary Keppel Land is divesting 100% of its equity interest in Shanghai Jinju Real Estate Development Co Ltd.

The divestment was made between Keppel Land’s subsidiary, Shanghai Maowei Investment Consulting Co Ltd, and Shanghai Dongyuan Real Estate Development (Group) Co Ltd, who will be buying over Keppel Land’s stake.

Shanghai Jinju owns Sheshan Riviera, a residential development project in Songjiang District, Shanghai, China.

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