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BLACKROCK Inc, an associate of Keppel Corp, sold 62,100 Keppel Land (KepLand) shares on Tuesday, at S$4.56 apiece.
After this transaction, BlackRock holds 40.8 million shares, representing about 2.6 per cent of the total issued shares.
As at Tuesday night, Keppel Corp owned 86.2 per cent of KepLand. The offer closing date has been extended to March 26 under the takeover code.