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BlackRock holds 3.2% of Keppel Land shares
KEPPEL Corporation, via its financial advisers DBS Bank and Credit Suisse (Singapore), on Friday announced that BlackRock Inc, an associate of Keppel Corp, now holds some 49.57 million shares in Keppel Land (KepLand), up from 48.05 million shares announced on Thursday.
BlackRock's latest shareholding represents about 3.2 per cent of the total issued shares in KepLand, a percentage shareholding computed based on a total of 1.55 billion issued shares as at Jan 23, said Keppel Corp.
BlackRock is an associate of Keppel Corp by virtue of the fact that it holds 5 per cent or more of Keppel Corp shares. As such, BlackRock is required to disclose its dealings in shares during the offer period.
Keppel Corp last week launched an offer to acquire all the issued ordinary shares in KepLand.