Keppel Land consolidates ownership of Saigon Sports City

Singapore

KEPPEL Corp on Sunday said that it has through Keppel Land's wholly-owned subsidiary, Oil (Asia) Pte Ltd, acquired the remaining 10 per cent stake in Jencity Limited, which holds Saigon Sports City, for about US$11.4 million.

It bought the stake from Jenclub Limited. Following the acquisition, Keppel Land will hold a 100 per cent interest in Saigon Sports City, thus consolidating its full ownership of the township.