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Companies & Markets

BlackRock sells 85,000 KepLand shares

Published Thu, Mar 26, 2015 · 03:57 AM
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BLACKROCK Inc, an associate of Keppel Corp, sold 85,000 Keppel Land (KepLand) shares on Wednesday, at S$4.57 apiece.

After this transaction, BlackRock holds 37.3 million shares, representing about 2.4 per cent of the total issued shares.

The dealings were announced in a filing to the Singapore Exchange on Thursday.

Keppel Corp has secured 90.9 per cent of the total issued shares of Keppel Land as at 5pm on Wednesday. This means it has crossed the 90 per cent threshold in acceptances required to delist its real estate subsidiary KepLand.

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