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Keppel Land in Vietnam waterfront JV

Keppel Corp unit investing US$93.9m for a 40% stake in firm undertaking development of site in Ho Chi Minh City

Published Wed, Mar 2, 2016 · 09:50 PM

Singapore

KEPPEL Land is in a joint venture to develop a 14.6-hectare waterfront site in Ho Chi Minh City (HCMC), Vietnam - shelling out US$93.9 million for its investment.

Keppel Corporation announced on Wednesday that its subsidiary has entered into a conditional investment agreement to subscribe for a 40 per cent equity interest in Empire City, for that sum.

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