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Keppel Corp moves close to 95.5% compulsory acquisition threshold
Final extension of offer to March 31; Keppel Land to continue trading until the extended closing date
Add BT as a preferred sourcePublished Thu, Mar 26, 2015 · 09:50 PM
Singapore
KEPPEL Corporation's ownership of Keppel Land has hit 93.2 per cent, just 2.3 percentage points shy of the 95.5 per cent compulsory acquisition threshold and for the higher offer price of S$4.60 a share to kick in.
The level of 93.2 per cent was reached at 5pm on Thursday, Keppel Corp said in a Singapore Exchange (SGX) filing.
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