You are here

KepLand realises $149m net gain from stake sale

51% holding in Jakarta Garden City township sold to PT Modernland for 2.294t rupiah

Singapore KEPPEL Land has completed the divestment of its 51 per cent shareholding in Jakarta Garden City. Based on a sale consideration of about 2.294 trillion rupiah (about $249 million), this translates into net proceeds of about $237 million. The divestment will see Keppel Land realise a net