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Keppel Land sells 80% stake in Surabaya mall

Group expects S$12.5m after-tax gain from disposal

KEPPEL Land (KepLand), through its wholly owned subsidiary PT Keppel Land, has divested its 80 per cent stake in BG Junction - a strata-titled retail development in Indonesia's Surabaya - to Silverise Enterprise and PT Pelangi Arjuno, for about 400 billion rupiah (S$42.8 million).

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