BlackRock disposes entire 2.4% stake in KepLand

Singapore

FUND manager BlackRock has disclosed that it had on Thursday this week sold 37.3 million Keppel Land shares at S$4.38 each, and another 19,000 shares at S$4.54 each.

With this, it has disposed its entire 2.4 per cent stake in Keppel Land that it still held on Wednesday, putting to rest other minority shareholders' worry that it was "hoarding" the shares for reasons unknown. "BlackRock does not hold any shares after the dealings reported above," the joint financial advisers DBS and Credit Suisse said in a Friday announcement.