Keppel's planned 2.9b yuan disposal of China marina stake still up in the air
Singapore
KEPPEL Corporation's planned 2.9 billion yuan (S$595.13 million) disposal of its stake in a China marina project remains in limbo as the project's minority shareholder continues to try to block the deal.
The group told the Singapore Exchange in a filing on Tuesday that the Singapore High Court has approved an application by Sunsea Yacht Club (Hong Kong) Company to stop Keppel from completing the sale, pending Sunsea's application with the Court of Appeal.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama