Singapore

KEPPEL Corp's subsidiary Keppel Land China has sold its stake in a China waterfront residential and recreational development for 2.9 billion yuan (S$597.4 million) as part of a portfolio refocusing effort.

Under the deal, Keppel China Marina Holdings (KCMH) will sell its indirectly held 80 per cent effective interest in Sunsea Yacht Club (Zhongshan) Co to Delight Prime Ltd.