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KepCorp crosses 90% mark for KepLand delisting

It still needs 95.5% for compulsory acquisition; analysts divided on whether KepCorp will extend offer again

Published Wed, Mar 25, 2015 · 09:50 PM
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Singapore

KEPPEL Corp has crossed the 90 per cent ownership threshold required to delist its real estate subsidiary Keppel Land.

A Singapore Exchange (SGX) filing showed that as at 5pm on Wednesday, Keppel Corp owned, controlled, has acquired or agreed to acquire 90.9 per cent of the total number of issued Keppel Land shares.

Accordingly, SGX will suspend trading of Keppel Land shares after the offer closes at 5.30pm on Thursday.

Keppel Land will continue to trade on Thursday. Keppel Corp still needs to own at least 95.5 per cent of Keppel Land to complete t…

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