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BlackRock ceases to be substantial shareholder of Keppel

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Sharanya Pillai

Sharanya Pillai

Published Wed, Dec 14, 2022 · 10:25 PM
    • BlackRock sold about 1.2 million Keppel shares on Dec 12 via a market transaction.
    • BlackRock sold about 1.2 million Keppel shares on Dec 12 via a market transaction. PHOTO: KEPPEL CORPORATION

    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.

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