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KepLand realises $149m net gain from stake sale

51% holding in Jakarta Garden City township sold to PT Modernland for 2.294t rupiah
Saturday, November 23, 2013 - 06:00

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

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