Keppel Land Limited

At the time, the claimant had sued for a compensation of IDR1.72 trillion as well as the foreclosure of the disputed land.

The divestment is expected to be completed in the 4QFY2022.

The total consideration will be fully paid in cash upon the completion of the divestment.

Keppel Land, on May 20, issued the same amount of notes to be drawn down under the same programme.

Cove was founded in 2018 and is a co-living company that is one of Southeast Asia’s fastest-growing companies in the industry.

With the divestment, Keppel Land expects to recognise a gain on disposal of some $52.5 million.

SINGAPORE (Jan 28): Keppel Corporation announced that a wholly-owned subsidiary Keppel Land Limited (KLL), Portsville, is divesting a 70% interest in Dong Nai Waterfront City (DNWC) to Nam Long Investment Corporation for a consideration of VND 2,313 billi

SINGAPORE (Nov 21): Keppel Corporation announced that Keppel Land China (KLC), a wholly-owned subsidiary of Keppel Land, and Keppel China Marina Holdings (KCMH) were on Monday served as co-defendants in a writ of summons filed by Sunsea Yacht Club (Hong K

SINGAPORE (Sept 19): Keppel Land is acquiring a prime site in Jakarta, Indonesia, for IDR586 billion ($60 million) from Bank Central Asia via its wholly-owned subsidiary, PT Sukses Manis Tangguh.