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Keppel Corp's shareholding in Keppel Land has inched up to 93.4 per cent as at 5pm on Friday.
This was 2.1 percentage points shy of the 95.5 per cent compulsory acquisition threshold for the higher offer price of S$4.60 per share to kick in.
On Friday's stockmarket, Keppel Land fell one cent to S$4.52. Some 9.7 million shares changed hands.