BlackRock ceases to be substantial shareholder of Keppel

ASSET manager BlackRock has ceased to be a substantial shareholder of Keppel Corp after selling S$8.9 million worth of shares, lowering its stake from 5.03 per cent to 4.96 per cent.

According to a Wednesday (Dec 14) bourse filing after trading hours, BlackRock had sold about 1.2 million Keppel shares on Dec 12 via a market transaction. The S$8.9 million in proceeds translate to an average selling price of S$7.44 per share.

Keppel shares closed at S$7.48 on Wednesday, up 0.5 per cent or S$0.04.