Keppel T&T to embark on strategic review of China logistics portfolio
KEPPEL Telecommunications & Transportation (Keppel T&T) is carrying out a strategic review of its China logistics portfolio, as it seeks to optimise and focus resources, it said.
The review may include preliminary discussions with different parties to "evaluate the viability of options available", it said in a filing with the Singapore Exchange on Thursday morning, highlighting that it is trying to become the urban logistics solutions provider of choice.
The company has appointed Evercore Asia (Singapore) as financial adviser to help with the strategic review.
"There is no assurance that any transaction will materialise from such a strategic review or that any definitive or binding agreement will be reached," Keppel T&T cautioned.
According to its annual report for 2016, it owns three facilities in Guangdong, two in Anhui and one each in Tianjin and Jilin.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Microsoft, Brookfield to partner on renewable energy projects
UK house prices fall again after mortgage rates creep higher
Why the yen is so weak and what that means for Japan
UAE's top bank FAB beats Q1 profit estimates
IndoAgri appoints former EDB chairman Philip Yeo as chairman and lead independent director
US, Philippines eye agreement to cut China nickel dominance