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BlackRock becomes substantial shareholder of Keppel 

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Uma Devi

Uma Devi

Published Tue, Nov 22, 2022 · 07:28 PM
    • Following the share purchase, BlackRock currently holds a deemed interest of about 87.7 million Keppel shares.
    • Following the share purchase, BlackRock currently holds a deemed interest of about 87.7 million Keppel shares. PHOTO: BT FILE

    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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