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Company in the news
Keppel Corp terminates divestment of Flemmington Investments
No further reasons were given except that the parties involved have already entered into agreements to terminate the divestment.
May 12, 2023
Results
Keppel Corporation 1QFY2023 revenue up 9% y-o-y, net profit 'significantly higher' with O&M disposal gain
Keppel recognised a disposal gain of $3.3 billion, received $500 million in cash and distributed $3.85 billion to shareholders.
April 20, 2023
M&A
Keppel to divest Greenfield Development for $75.6 mil
Greenfield Development holds a 100% stake in Straits Greenfield, which has the right to build and operate a hotel in Myanmar.
March 06, 2023
Company in the news
Sembcorp, SIA and Keppel Land announce new partnerships with their Vietnamese counterparts
As at 3.02pm, shares in Sembcorp, SIA and Keppel Corporation are trading at $3.72, $5.88 and $7.09 respectively.
February 10, 2023
Property
Keppel Land to divest stake in Willowville for $7.4 mil
Willowville has a 60% stake in a project company that holds the rights to develop a site in District 1 of Ho Chi Minh City.
February 08, 2023
Company in the news
Keppel Land enters China's senior living market with acquisition of new senior living facility in Nanjing
The facility is envisaged to become a premier assisted-living community with care capabilities and around 400 beds.
December 21, 2022
Property
Keppel Land to divest entire stake in Shanghai Fengwo Apartment Management Co Ltd for $151 mil
Keppel Land would have had an estimated gain on disposal of RMB135 million upon the completion of the divestment.
December 20, 2022
Property
Keppel acquires office tower in Seoul's CBD for $228.7 mil
The Samhwan Building, in Seoul's CBD, is surrounded by Korean palaces in the UNESCO World Heritage List.
December 19, 2022
M&A
Keppel Corp to increase stake in Kingsdale Development to 90%
The completion of the transaction is expected to take place by 4Q2022.
September 05, 2022
Property
Keppel's Indonesia subsidiary faces land dispute
Keppel will apply to strike out the claim.
February 14, 2022