BlackRock becomes substantial shareholder of Keppel
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ASSET manager BlackRock Inc became a substantial shareholder of conglomerate Keppel Corporation on Nov 18 after a related entity acquired 87,600 shares for a total of some S$650,000, a bourse filing on Tuesday (Nov 22) showed.
This works out to a unit price of about S$7.43 per share. With the acquisition, BlackRock’s stake in Keppel was lifted to 5 per cent from 4.99 per cent, the filing said.
Following the share purchase, BlackRock currently holds a deemed interest of about 87.7 million Keppel shares through some 20 entities related to the asset manager.
Shares of Keppel ended Tuesday at S$7.41, up 0.4 per cent or S$0.03.
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